Recent research by insurer Aviva has found one in five businesses has been a victim of a cyber-attack in the past year, with only 17% of small businesses having a cyber policy in place.

  • A fifth of businesses have been victims of cyber attacks in the past year
  • Businesses are 67% more likely to have experienced a cyber incident than a physical theft
  • Average claim for cyber attack – which can include ransomware, malware, and phishing– is £21,000
  • Despite the increasing cyber threat, one in five businesses do not know what to do in the event of an attack

(Source: Aviva)

In an era where digital connectivity is the backbone of business operations, the looming specter of cyber threats poses a significant risk to organisations of all sizes.

The digital landscape is not only vast but also fraught with sophisticated cyber threats. From data breaches and ransomware attacks to phishing schemes, businesses face a myriad of risks that can lead to financial losses, reputational damage, and operational disruptions. As cyber threats continue to evolve, it becomes imperative for businesses to fortify their defenses and, equally importantly, have a robust risk mitigation strategy in place.

Every business is unique, and so are its cyber risks. Cyber insurance policies can be tailored to address the specific risks faced by a particular organisation. Whether it’s protecting against data breaches, social engineering attacks, or system outages, businesses can customize their coverage to align with their cyber security needs.

Please contact us to arrange a complimentary review of the digital risks your business faces.