Cyber Risks Insurance

Cyber Risks Insurance

Myth: ‘SMEs are too small to target; it’s only large corporates’

Fact: ‘Small businesses are at a bigger risk than ever because they typically hold far more data than the average customer but often don’t have additional preventative measures to protect themselves’.

If you own a business and do any of the following:  hold sensitive customer information, have a website, take online transactions (online shopping payments), are reliant on computers and use email, it is imperative that you have insurance cover to protect you from a potential cyber threat. Everyday there are cyber risks and data breaches to businesses and with less than 10% of UK businesses having cyber insurance in place, businesses are opening themselves up to a potential cyber attack. Standard insurance policies do not cover cyber risks.

Types of cyber risks include:

  • Computer malware
  • Hacking
  • Cyber theft
  • Extortion
  • Denial of service attack
  • Human error / dishonesty
  • Infringement of intellectual property rights
  • Libel, slander, defamation

Contact Glowsure today for expert insurance advice and a competitive quote for cyber risks insurance. 

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