Technology exposure.
WHAT CAN HAPPEN
A compromised website Loss of customer data Ransom demands Loss of access to systems Fraud through compromised email
WHAT IT COSTS
Investigation and cleanup Notification obligations Lost trade Reputational damage Sometimes direct financial loss
WHAT COVER MAY EXIST
Cyber and data cover exists in some markets.
Terms and availability vary. Ask a broker.
WHAT IT TYPICALLY DOES NOT DO
Recover data that was never backed up Restore reputation
WHAT TO DO INSTEAD
Backups, off site and tested Updates, applied Two-factor authentication Access control Staff awareness
Our security articles cover these in detail.
WHAT POLICIES FREQUENTLY REQUIRE
Specific precautions.
Failing to maintain them can invalidate cover.
WHAT TO ESTABLISH
What your policy requires of you, if you have one.
WHAT TO PRIORITISE
Prevention. It is cheaper, and it is what actually protects you.
