COVID-19: Turning to telemedicine The use of telemedicine has been steadily on the rise for years, with companies around the world helping patients remotely. Since the arrival of COVID-19, major measures like social distancing have been implemented to fight the pandemic and this has seen an acceleration in the use of telemedicine. Regulation The World…
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£10 million in losses due to COVID-19 cyber scams
£10 million in losses due to COVID cyber scams The COVID-19 pandemic surging around the world has evolved into a full-blown scam epidemic since fraudsters have started exploiting coronavirus fears. Scams have included an impersonation of local and international health authorities such as the World Health Organization, as well as creating bogus online shops selling non-existent face…
Read moreThe growing threat of a cyber attack
As we become increasingly reliant on technology, the potential impact of cyber-related incidents continues to grow. Yet the cyber insurance market is relatively new in comparison to other lines of cover. So, what do we mean when we talk about cyber risk & what do you need to do to protect your business against this…
Read moreIs cyber insurance right for my business?
Have you considered cyber insurance for your business? Cyber insurance is finding its way onto the agendas of businesses everywhere, but it’s still a relatively misunderstood class of insurance. Because of this, many companies find themselves confused about how cyber insurance actually works and are skeptical about whether it makes sense for their business to…
Read moreMarriott faces £100m fine over cyber-attack on its data
The massive hacking of Marriott International reservation databases could lead to a £99m fine as the UK cracked down on privacy breaches with its second major penalty notice in two days. The cyber-attack, which Marriott disclosed in 2018, exposed information on 339-million guest records, including seven million related to British residents, the UK Information Commissioner’s…
Read moreAccording to IT services cyber-attacks are on the rise
With hundreds of thousands of Cyber-attacks per year, it is little wonder that some challenges are successful. We all know that Cybercrime is on the rise, but the reality is that we are only aware of the successful attacks on our practices, or the obvious attempts of attacks such as phishing or ransomware. According to…
Read more10 reasons why you should consider D&O Cover
Being a director is often challenging and potentially lucrative, but if the prospect of being sued is looming, it can be a lonely and alarming position. Directors and officers cover (D&O) provides a suit of armour in the face of legal action, with the insurer stepping in to provide guidance at the first sign of…
Read moreTake charge of your online reputation
More than half of British businesses suffer unfair negative reviews, according to research by online reputation management expert Igniyte, but 40% of SMEs never bother to check whether any damaging reviews about their business have been posted online. These worrying figures suggest many of today’s SMEs, lacking an in-house IT or marketing department that can…
Read moreCyber Insurance is not just a good idea, but an absolute necessity
Cyber-crime is growing at a phenomenal rate and is hardly ever out of the news. Unfortunately, there is a still a sentiment prevalent within some British businesses that “it will never happen to me”, although the reality is that many businesses are being targeted every single day. When we asked one of our insurers for…
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