Cybercrime - Are you protected?
July 15, 2024
Cyber Insurance. Are you protected?
Cyber threats are putting UK businesses at risk!
Most SMEs assume cyber attacks are an issue only big organisations need to worry about. But the truth is, cyber crime is a numbers game – criminals cast a wide net, using malware, ransomware and social engineering to attack indiscriminately, then quickly take advantage of any weaknesses they find.
If you don’t have a plan for how you’d respond to finding yourself locked out of your system and facing a ransom demand, the consequences could be extremely damaging.
Potential outcomes of a cyber attack
- Reputational damage – rebuilding customer trust after a data breach can be challenging, and
reputational impact can be significant and long-lasting. - Financial impact – the costs associated with addressing and recovering from an attack could have
a negative impact on how the business is able to trade moving forward - Operational disruption – if an attack leaves you unable to carry out business for a prolonged
period, it may be challenging to fully recover. - Legal and regulatory implications – failure to adequately protect customer data can lead to legal
consequences, including fines and lawsuits. - Intellectual property theft – the competitiveness of your business could be affected if valuable IP
such as proprietary processes, patents or trade secrets are revealed*
Dont wait until its too late! Ask us for a quote today.
