Posts Tagged: cyber insurance

Posted by & filed under GDPR.

As the first anniversary of the GDPR going into effect approaches on 25th May, recent reports from Cisco revealed the wide range of benefits that compliant organisations have experienced over the past 12 months. While ensuring GDPR compliance may have felt like a tedious or unrewarding process within your workplace, the following statistics emphasise how […]

GDPR and You – What does it all mean?

Posted by & filed under GDPR.

The legal position regarding any customer data you maintain was previously enshrined in the Data Protection Act 1998. The benefit of the law remaining the same for the last 20 years was that everyone involved was clear on their obligations regarding the handling of personal data. However, on 25 May 2018, the legal position changed […]

Benefits of Cyber Insurance

Posted by & filed under Cyber Insurance.

Cyber Insurance is one of the least understood, yet vital, types of insurance, especially as technology becomes increasingly important for successful business operations, and the General Data Protection Regulation (GDPR) promising much stricter penalties for lax data security, the value of a strong cyber insurance policy will continue to grow. No matter your business’ size, […]

The Overlooked Physical Exposures of a Cyber-attack

Posted by & filed under Cyber Insurance, Cyber Risks.

More than ever before, organisations are aware of the potential financial impact of a cyber-attack. Many wrongfully assume that the steep, monetary burden of a cyber-attack (exacerbated by new, higher fines under the GDPR) is exclusively tied to damaged digital assets, lost records, and the price of investigating and reporting a breach. While those expenses […]

Petya and WannaCry Highlight Need for Robust Cyber Insurance Cover and Security

Posted by & filed under Cyber Risks.

The provision of cyber insurance and robust security procedures are highlighted by the recent global cyber attacks caused by the ransomware programs, WannaCry and Petya, which spread to more than 150 countries. WannaCry alone infected more than an estimated 230,000 computers. Ransomware is one of the most common cyber attacks, accounting for 17 per cent of all […]