Category: Cyber
How Important is D&O within the Wholesale Sector?
Directors and Officers (D&O) insurance is an important aspect of the wholesale industry, as it protects the leaders of a company from potential legal claims related to their decision-making processes and actions. The wholesale industry involves large transactions and complex operations, making D&O insurance a critical component for ensuring the stability and success of companies…
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The Difference Between ‘Joint Names’ and ‘Composite Insured’ Construction Insurance
The Difference Between ‘Joint Names’ and ‘Composite Insured’ Construction Insurance Most people in the construction industry will know that contract works are usually determined by standard form contracts called JCTs (or Joint Contracts Tribunal contracts) which outline the responsibilities and obligations of all parties involved in the project i.e., the employer, contractors, and any subcontractors.…
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How Your Business Can Reduce Their Motoring Costs
How Your Business Can Reduce Their Motoring Costs Rising motoring costs are a concern for all businesses that have a motor fleet. If you run a fleet of vehicles as part of your business, you’ll be keeping a close eye on balancing the cost of keeping your fleet on the road with the difficulties of…
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Top 6 Cybersecurity Trends to Watch Out For in 2023
Top 6 Cyber security trends to watch out for in 2023 - Rise of automotive hacking - Potential of artificial intelligence - Mobile is the new target - Data breaches: prime target - Targeted ransomware - Insider threats Rise of automotive hacking: The use of wireless communication systems in modern vehicles has created a vulnerability…
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How Does Cyber Insurance Work and What Does it Cover?
How does cyber insurance work and what does it cover? How does cyber insurance work? You have a small business that sells leather goods online and you collect customer data including credit card numbers. You are hacked by cybercriminals who steal all this information from 1K of your customers' accounts- making them victims, too! Your…
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Why you Need Cyber Insurance
Why you need cyber insurance... The risks of cyber crime have never been more prevalent, with attacks on businesses increasing each year. Cyber risk insurance is a must for any company that holds personal data or stores business critical information electronically. If your computer system fails due to interference from outside forces, you could lose…
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10 UK Cybercrime Statistics
10 UK Cybercrime statistics Did you know as of October 2022, 39% of UK businesses have experienced a cyber attack, the same as in 2021. However, the figure has dropped since 2020 (46%). “Cyber crime is the greatest threat to every company in the world.” - According to 31% of these businesses, they were attacked…
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Two-fifths of London firms at risk of climate-fuelled flash floods
Two-fifths of London firms at risk of climate-fuelled flash floods London is facing an increasingly urgent problem as climate change increases the risk of flash floods. The capital's 42% at-risk commercial buildings are vulnerable to surface water flooding, which caused chaos last summer when torrential downpours hit London. Imagine a city where every commercial or…
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Why cyber risk should be a priority for every boardroom
Why cyber risk should be a priority for every boardroom Cyber security is a top priority for many organisations, but the task can seem daunting. It’s now possible to make your business more secure with less risk to be hacked into, thanks not only to modern technology and resources like analytics tools—but also by making…
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Cybersecurity Best Practices for an e-Commerce Website
Cybersecurity Best Practices for an e-Commerce Website Recent decades have seen tremendous growth in online activities, including online shopping, thanks to the evolution of technology and e-commerce platforms. This growth was only accelerated by COVID-19 – the pandemic led many businesses, in an effort to stay connected with customers, to shift from traditional in-person communication…
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