Well actually, if you’re a small business owner, the chances of being a victim of cyber crime is now higher than ever …
- In 2016, 66% of small firms surveyed were victims of cyber crime
- SMEs fell victim to seven million cyber crimes over 2014 and 2015
- The total annual cost of cyber crime to SMEs over 2014 and 2015 was £5.26 billion
- On average, SMEs will fall victim to four cyber crimes every two-year cycle
Federation of Small Businesses, Cyber Resilience Report 2016
Literally thousands of businesses suffer cyber-attacks daily and, whilst there have been some high-profile crimes, like the NHS’ WannaCry attack, you’d be wrong to think no-one’s interested in a small business like your’s.
Indeed, criminals are actively targeting SMEs because fewer processes make them vulnerable to human error, such as loss of confidential data and sensitive banking information. And attackers are using more and more sophisticated methods, from hacking into bank accounts, to duping businesses into transferring funds to them via fraudulent emails.
The repercussions of an attack can, of course, be severe. From fixing destroyed software, to setting up a call centre for concerned customers or paying fines for non-compliance or failing to protect data.
Here’s a neat, one minute film with some more information.
Quite apart from the administration involved in getting back to business, the costs can run into the tens of thousands and most traditional insurance policies won’t protect you against most cyber exposures. So, what can you do to protect yourself?
For peace of mind, speak to us about setting up a specialist Cyber Insurance policy for your business. At Bennett Christmas Insurance Brokers, our Cyber Insurance will compensate you should you fall victim to a cyber crime. Our Cyber Insurance covers breach costs, crisis containment, cyber business interruption, cyber extortion, hacker damage, privacy protection, multimedia liability, cyber crime and telephone hacking – more.
Our team of experts will guide you through everything, we’ll fill out the forms and set up your cyber insurance for you. Plus, if you’re in the unhappy situation of needing to claim, we’ll be there for you.
Don’t be worried – call our expert Jeremy 01444 810 442.