We live in the virtual age and, while it has opened new avenues for businesses to connect with clients, having digital operations comes with its risks.
Cyber criminals are becoming more and more savvy and ruthless. A survey by the Government estimated 61% of large corporations and 31% of small businesses had suffered a cyber breach in 2018. A cyber security breach can cost large businesses over £20k and small businesses more than £3k on average.
Whatever your business model, it is likely that you will use some degree of information technology, whether this is e-commerce operations, storing clients’ data digitally or merely sending emails internally and externally. Just as you would protect your physical assets, safeguarding your digital assets is equally as vital. A Cyber Liability Insurance policy can offer a helping hand in the event that hackers breach your system.