Cyber insurance

NEBRC blog

Alongside the growing impact of digitalization across all aspects of day-to-day work life, the risk of cyber crime is ever present. That’s why now, more than ever, organisations need to protect themselves, their data, and their customers.

Security technologies, best practice and embracing new methodology all help to reduce the risk of cyber crime, but no one can afford to be complacent. All businesses need to be astute to the fact that the very nature of cyber crime is ever evolving.

Despite the availability of preventative measures, cyber crime can still be crippling for businesses in terms of financial, organisational, and reputational losses. Like any risks in business, insurance is one way to mitigate and plan for the worst-case scenario.

In today’s hi-tech world where so many elements of our personal and business lives are online, it makes absolute sense for SMEs to have some form of cyber insurance that suits their business needs.

There are a range of new policies now coming to the market for SMEs. But make sure you shop around before you put your e-signature to anything. There are many options out there and it’s important to explore what is right for each individual business.

For further information on cyber security strategies for your businesses contact a member of the NEBRC team at: