Could your business survive a cyber attack? For many businesses, the answer is increasingly uncertain.
Cyber attacks are now one of the biggest financial and operational risks facing organisations of all sizes. Yet despite growing awareness, many smaller businesses still assume they are unlikely to be targeted.
The reality is very different. Hackers rarely target businesses based on size or profile alone. More often, they target weaknesses, meaning small and medium-sized businesses can be just as vulnerable as major organisations.
Following our cyber seminar last year, we have continued raising awareness with clients about the growing importance of cyber insurance and proactive cyber protection.
Cyber Risk Is No Longer Just an IT Issue
Cyber threats can impact every part of a business, including:
- Financial loss
- Operational downtime
- Data breaches
- Customer trust
- Reputation damage
- Regulatory consequences
Even a relatively small cyber incident can create significant disruption and cost for a business that is unprepared.
Cyber insurance is evolving beyond simply responding after an attack has happened and we continuously review the market to ensure we are acting in the best interests of our clients and providing access to the most suitable protection and solutions available. Working with our panel of specialist insurers, we are able to help find the right cyber protection solution tailored to your business and its individual risks. We’ve also partnered with providers that offer proactive cyber risk management, helping businesses identify vulnerabilities before they are exploited including access to partners with a “24/7 CCTV system” for your digital perimeter.
This means businesses benefit not only from insurance protection following an incident but also from tools designed to actively reduce the likelihood of an attack occurring in the first place. Monitoring solutions for common risk and vulnerabilities that businesses face include:
- Immediate notification if an employee’s email address or password appears on the dark web or within a newly identified data breach, allowing businesses to force password resets before hackers can gain access.
- Exposed Systems & Open Access Points. If unsecured databases or Remote Desktop (RDP) ports are exposed, issues are identified quickly.
- Critical Software Vulnerabilities. When major “zero-day” vulnerabilities are identified in commonly used software, the platform alerts businesses if they may be at risk, often before attacks become widespread.
- Monitoring of email domain configuration to help prevent email spoofing and invoice manipulation fraud, where criminals impersonate businesses through fake email activity.
- Cyber Risk Benchmarking. Businesses receive a Cyber Risk Score which benchmarks their security posture against similar organisations and highlights any critical actions required to improve protection.
Affordable Protection for Businesses
For many businesses, cyber insurance is no longer a “nice to have”, it is becoming an essential part of protecting operations, finances and reputation. We have already helped a number of clients secure cyber insurance cover from as little as £134 per year.
If you would like to discuss your current cyber exposure or request a no obligation quotation tailored to your business please click here.