As technology grows, so does the insurance cover needed to protect against any new risks unique to these devices.
Risks such as ‘cybercrime’ can include hackers gaining credit card information, or someone flooding your network with incoming web traffic until it breaks down.
Cybercrime can come in the form of your business’ connection to:
– the internet
– computer programs
– the private data of clients
Cyber insurance protects businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Cyber attacks are a real threat to Australian Businesses with the consequences of an attack being catastrophic to a small business. Losses may be loss of income, damage to your systems and liability resulting from loss of data and privacy breaches.
In addition to the losses there are legislative reporting requirements relating to a cyber incident which can be costly. Regardless of the size of your business, data is one of your key assets.
Talk to Total Insurance Agencies today about how you can protect your systems and data.