Can you afford not to have Cyber Insurance?
You are probably aware, there has recently been a number of ‘ransomware’ type of computer viruses called WannaCry, affecting users in many countries around the world. They caused disruption to many firms such as FedEx and many NHS trusts.
It is believed to have led to 57,000 infections in 99 countries.
Ransomware is a form of malicious software that locks and encrypts a user’s files until any ransom demands are paid.
Cyber security experts strongly advise against paying any ransom as there is no guarantee that the files will be decrypted. Also paying that ransom can lead to you being placed on a list of people who will pay ransoms that could mean you are more of a target in the future.
Nearly 80% of cyber-attacks can be prevented by undertaking the Government – backed cyber security certification scheme Cyber Essentials. This sets out a good baseline of cyber security suitable for all organisations of all sizes in all sectors.
We would recommend you undertake cyber essentials to help reduce the risk of succumbing to an attack: Read about cyberessentials HERE
TI Accountancy continue to strongly recommend Cyber Insurance as a comprehensive means to protect your business against the risk, particularly if you:-
- hold sensitive customer details such as names and addresses or banking information;
- rely heavily on IT systems and websites to conduct their business;
- process payment card information as a matter of course.
Please contact us for a quotation on 01229 813388 or email firstname.lastname@example.org
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