Indagard Insurance Services Guide to Cyber Risk and Insurance
A helpful guide to how the Notifiable Data Breach scheme affects your business, the threats of cyber risk and the role insurance plays to keeping your business open for business.
A helpful guide to how the Notifiable Data Breach scheme affects your business, the threats of cyber risk and the role insurance plays to keeping your business open for business.
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INDAGARD INSURANCE SERVICES<br />
<strong>Insurance</strong> should be seen as the last line of protection for<br />
your business when all other measures fail.<br />
After all, prevention is better than cure.<br />
Insurers also look more favourably upon businesses that<br />
are taking precautions <strong>to</strong> prevent a data breach <strong>and</strong> could<br />
result in better premiums <strong>and</strong> terms for cover.<br />
You cannot s<strong>to</strong>p a cyber attack because if a criminal really<br />
wants <strong>to</strong> access your system, they’ll find a way, but you can<br />
make it as hard as you can for them. Often, that would be<br />
enough of a deterrent.<br />
After all, most would rather do a quick hack, get in <strong>and</strong> get<br />
out rather than spending considerable amount of time <strong>and</strong><br />
resources hacking a well protected business that they don’t<br />
know what they’ll find in.<br />
Besides having cyber insurance, here are some ways <strong>to</strong><br />
minimise a cyber hack <strong>and</strong> the damaging aftermath.<br />
Invest in security software<br />
Security software is a must for keeping your data secure<br />
<strong>and</strong> protecting the information you are responsible for<br />
from cyber attacks.<br />
Security software is a worthwhile investment, <strong>and</strong> both<br />
antivirus <strong>and</strong> firewall should be installed <strong>to</strong> protect you<br />
A CYBER INSURANCE GUIDE - PAGE 20
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