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Did you know that 1 in 4 businesses experience a cyber breach at least once a month?
Cyber attacks are set to rise. It is no longer a question of ‘if’ but ‘when’ your business will become the victim of an attack. Is your business suitably prepared?
|Recent research shows that 45% of all UK firms are still overlooking this risk and believe that cyber crime will not impact on them.1|
|In contrast, 43% of risk experts consider technology one of their core concerns and expect it to have the greatest financial impact on businesses in the future.2|
The new General Data Protection Regulations, which will apply from 25 May 2018, mark the introduction of severe penalties for businesses that breach. Fines of up to 4% of turnover may apply. The GDPR will make corporates liable not only for data breaches on their own servers, but also for those that happen through third parties.
Insurance protection is essential. There is no ‘one size fits all’ solution for mitigating cyber risks. Every operation is different, which is why Integro, offers our clients access to a wide range of cyber solutions. There are more than 70 insurers offering cyber products today.3 Our specialist brokers will identify the right solution to meet the individual needs of your operation.
How Integro helps you:
- We analyse your unique cyber risk exposure by identifying:
- Your preferred technologies
- The type of data you collect and store
- The potential impact of business interruption & property damage
- We review existing policies to check you are fully protected
- We close coverage gaps and put appropriate protection in place
1 Hiscox Cyber Readiness Report 2017
2 Ace ‘Emerging Risks Barometer 2015’
3 Symantec Latest Industry Trends in Cyber Security and Cyber Insurance (2016)