Cyber Cover to be Mandatory in a Decade
Cyber cover will become a business essential within ten years, according to the Association of British Insurers (ABI). Already cyber attacks are a huge financial drain—annually they cost the UK economy an estimated £620 million. Yet, in spite of the growing threat of cyber attacks to both the public and private sectors, only about 10 per cent of large businesses have any form of cyber cover, according to the ABI. This small figure reflects businesses’ widespread ignorance of cyber cover’s benefits, despite the general acknowledgement that cyber attacks are one of businesses’ biggest threats. This lack of cover can be quite costly—both financially and for a business’ reputation.
Take Advantage of Cyber Essentials
Cyber Essentials (CE), a government-backed and industry-supported scheme, provides organisations of all sizes and industries with free guidance to protect data from cyber threats. By following CE guidance, organisations can defend against a wide range of cyber threats through computers, tablets, smartphones, email and web servers.
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