Are you insured against cyber security risks?

If you own a business you will know about insurance – you probably have liability insurance, buildings insurance, vehicle insurance, the list can go on…

But have you thought about insuring against the risk of cyber attack?

Cyber crime is a global issue, and a growing concern. Cyber insurance can provide your business with the resilience needed to bounce back as quickly as possible following a cyber incident, minimising disruption, and providing financial protection and support for legal and regulatory actions following.

The NCSC (National Cyber Security Centre) has recently issued guidance for businesses considering taking out cyber insurance.

And it’s well worth perusing!

Even if you’re not sure you need to take out cyber insurance, it can help you to:

• consider what cyber security you already have in place, and what might be prudent to add.
• assess exactly what a cyber attack could potentially cost your business.
• understand what a cyber policy might include, and how to assess one.
• make sure that if you do decide that cyber insurance is for you, you have everything in place so that it’s valid and will give you the protection you need.

To access the guide, and understand the implications for your business, please visit https://www.ncsc.gov.uk/guidance/cyber-insurance-guidance

It is so tempting to bury your head in the sand and just hope it never happens.  But don’t do that.  It is so worthwhile making sure you’re prepared, and have put your business in the best possible place to stay strong and resilient.

While you’re considering insurance, it can help you to establish where your security needs tightening up, which can only be a good thing.

If you need further advice on anything to do with cyber security, have a look at our security services on our website, or give us a call on 0114 287 0510, or email us on info@datamills.co.uk