Cyber Crime and Cyber Spying cost the global economy $3.8bn annually [Centre for Strategic and International Studies], with hacker attacks on websites growing steadily year on year. The number of victims in Australia alone reached 5 million in 2013.
While you can’t prevent your business from becoming the next target, you can protect yourself against costs incurred if this does happen.
What is Cyber Insurance?
Cyber Insurance is an insurance product used to protect businesses from risks relating to information technology infrastructure and activities. It is a specific insurance policy designed to cover against losses incurred as a result of data destruction, extortion, theft and hacking.
Cyber Insurance can help your company survive rising cyber crime threats, with minimum losses.