Cyber Insurance
Unfortunately, Cyber crime is not going away. In fact, over the 2020–21 financial year, the ACSC received over 67,500 cybercrime reports, an increase of nearly 13 per cent from the previous financial year. Self-reported losses from cybercrime total more than $33 billion.
Many business owners still underestimate the likelihood and impact of cyber crime, both financially and reputationally, the impacts can be severe enough to close your business.
Good risk analysis and risk management is a key component to running any business however cyber crime adds a layer of risk that is hard to fully cover, criminals attacking your business from almost anywhere in the world and with anonymity.
Cyber Insurance is designed to cover:
