Cyber Insurance Bulletin

Here at JSW Insurance we pride ourselves on delivering excellent service coupled with exceptional cover. As a valued client of JSW Insurance, we wanted to keep you informed about industry related news which will support your business.

One current topic that’s on a lot of businesses minds is cyber insurance…

As technology becomes increasingly important for successful business operations, the value of a strong cyber-liability insurance policy will only continue to grow. The continued rise in information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses.

This document highlights potential cyber-exposures and available cover options.

In recent years, cyber attacks have emerged as one of the most significant threats facing organisations of all sizes. The internet and other network operations have created risks that were non-existent less than a decade ago. When cyber attacks (such as data breaches and hacks) occur, they can result in devastating damage, such as business disruptions, revenue loss, legal fees, a permanently tainted reputation and more.

It is important to remember that no organisation is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essential component to any risk management programme.

This easy-to-use calculator/ checklist can help you assess the severity of cyber risks facing your business.

Please complete the calculator and send this to your Account Executive who will call you to discuss this in more details.

Although clicking on and responding to emails in the workplace is common practice, recent research revealed it’s also a top cyber-security concern. Among the methods cyber-criminals use to attack organisations, social engineering scams and ransomware are on the rise.

Between the implementation of GDPR and a frenzy of high-profile data breaches, this past year has strengthened public concern over personal data protection and misuse.

Have a read of this document to see how you can protect yourself and tour business in both of these instances.

01782 363141