Blog

 

Data Breaches are about "when" not "if" - 6 bases to cover in preparation

Published: 31 May 2017

TAGS:

Why would anyone hack the NHS? Why would anyone hack your business?

But you should be thinking “when”, not “if” now.

Cyber security is a pressing management issue – and with new GDPR data laws, the potential cost of an attack or breach is spiralling.

                                                      

TIP: make sure your Cyber Risks Insurance covers Crime: financial protection for theft of money and fraud, including phishing scams, electronic wire transfer fraud, telephone hacking and social engineering.

If you don’t already have Cyber Risks Insurance, talk to us as a matter of urgency. Our advice is always free and without obligation.

6 BASES TO COVER IN PREP FOR A HACK OR DATA BREACH

The majority of small businesses have had their digital defences breached in the past year. It’s vital to protect your intellectual property, business information and customer data against online theft and exploitation. Read on for a basic checklist on preparing for an cyber attack:

1. Risk assessment on security and the “what ifs” for your business

2. Security controls: maintain, regularly update and stress-test them

3. Incident response plan: create and share it, and make sure you have the right professional help at the ready

4. External back up systems in place

5. Educate and train all staff to reduce human error

6. Cyber Risks Insurance – make sure it covers Crime:

If you don’t yet have Cyber Risks Insurance, just try quantifying the potential costs of a hack or breach. Even with well-trained teams and systems in place but it may still happen to you. With data breaches, hacks, ransomware and human error – you need to make sure you’re covered and have a team of experts on hand to resolve the issue.

If you do have Cyber Risks Insurance, check your covers and limits are still adequate, and that you have access to emergency response teams. Make sure your policy covers Crime: financial protection for theft of money and fraud, including phishing scams, electronic wire transfer fraud, telephone hacking and social engineering.

To talk it through, or if you need connections to professional services in these areas, don’t hesitate to get in touch.

Jane Byde – Head of Fine Art:
E: [email protected]

La Playa: Insurance with Intelligence

People like you like us. Passionate. Discerning. Independent.

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149