Category: Cyber
Shareholder Protection
Shareholder Protection Keep your business functioning if the worst happens One of the most serious events a business can suffer is the loss of a shareholder. Most businesses depend on their shareholders for leadership and direction – and the equity they provide. On the death of any shareholder, the Articles of Association or Partnership Agreement should stipulate…
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Summer Newsletter 2021
Welcome to our summer newsletter 2021! The Insurance Market While the rollout of a Covid-19 vaccine and the slow return to normality in 2021 has buoyed society & the market, there will still be challenges as the economy recovers from the deepest recession in modern history. In the insurance sector, many expect this economic…
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The changing regulatory landscape in the UK and emerging risks
The changing regulatory landscape in the UK and emerging risks Historically, D&O risks were weighted towards securities litigation in North America, with many other territories experiencing a benign claim environment. This has changed in recent years. According to Chubb’s own data, the average large loss cost for D&O policies in the UK has tripled and…
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Cyber Threats to the transport industry
Cyber threats and how they are being seen by the transport industry In the UK, according to the Government’s most recent Cyber Security Breaches Survey (June 2020) the extent of cyber security threats has widened and become more frequent with almost half of businesses reporting cyber security breaches or attacks in the previous 12 months…
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Navigating the modern cyber risks landscape
Navigating the modern cyber risks landscape With cyber criminals becoming more sophisticated by the day, business must act now to shore up their defenses. As recently as five years ago, cyber risk was widely perceived as a technological challenge. Protected by firewalls and virus protection software – not to mention the company IT…
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What is phishing and how dangerous can it be to you
In today’s digital world, cybercrime has become a powerful tool for criminals looking to steal data and extort money. The most dangerous of all the cyber attacks is phishing. Phishing at a glance: Phishing is a type of social engineering attack often used to steal user data, including logon credentials and credit card numbers.…
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5 Cyber Risks Facing the Logistics Industry
Cyber risks that face the logistics industry Threats targeting the transportation and logistics sector can come from many sources: criminals, terrorist groups, hacktivists, disgruntled or former employees, nation sales, competitors, traditional network operation mistakes, and many more. However, there is cover to help with many of these threats included within a Cyber insurance policy.…
Read more Cyber claims
Cyber Insurance Why some claims are not paid? The cyber insurance market has grown significantly in recent years. This is a trend which has continued through 2020, with new buyers coming into the market and existing buyers looking at expanded programmes. Whilst the overall awareness and knowledge of cyber insurance has improved, there is a lack…
Read more Why charities need cyber insurance, regardless of size
Why charities need cyber insurance, regardless of their size With all the challenges and changes that Covid-19 is bringing we saw a sudden and near-total shift to remote working (and now a more measured transition to blended working) many charities have had to re-examine their existing cyber security practices. In the past year 20% of charities…
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Why every business needs cyber insurance
With millions of employees working from home, the risk of cyber breaches is higher than ever. The reason working from home increases the risk of cyber attacks is due to: Weak network security – Multiple entry points for each business network – Family members on WIFI – and more. 60% of SMEs that suffer a…
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