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.