Cyber security is now a pressing management issue. With changes to data law coming in, it's vital to have serious protection for your intellectual property, business information, and customer data against online theft and exploitation. Recent research suggests 60% of small businesses found their digital defences had been breached in the past year, and the cyber legal landscape is changing…
The tough new General Data Protection Regulation (GDPR) will become enforceable in May 2018 and the UK is adjusting its domestic data protection law to be compliant with its key components - including tougher data security rules and a new data breach notification requirement.
What if:
- The data regulator enforces painful financial penalties on you following a breach?
- Your network or ‘cloud’ were hacked – and you have to notify customers of the breach?
- A malware attack interrupts your operations, leaving a hole in your revenues?
- You incur cost in reconstituting valuable data that’s been stolen?
It’s never been more important to ensure you have specialist Cyber Liability Insurance in place.
The invisible threat of cyber-crime, combined with the potential for tech infrastructure to fail, and the ever-evolving regulatory landscape, represents a minefield for modern business. Unless your organisation has specialist insurance against such perils, you won’t be protected against the unusual and ever-developing risks that arise in cyberspace.
But don’t get spooked - get informed, clued-up and insured!
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