How to insure your business against Cybercrime and what to do if you become a victim

Last month we hosted Barclays Bank and their Cybercrime Team to give a very informative presentation of the most prolific forms of fraud.  Cyber criminals are intelligent and are always updating their methods.  The main form of prevention is to be aware and keep up-to-date with the latest activity. Please remember that thousands of individuals as well as businesses in the UK are targeted EVERY DAY.

Barclays Bank have very generously contributed to this invaluable news blog by sending us links to some useful literature produced by the Metropolitan Police detailing some of the Cyber scams that are currently in action.

the-little-book-of-big-scams

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As well as thanking our main presenter, Alex, for his time and well-delivered (if a little scary) material, we would also like to thank Tom from PC Services who touched on how to limit damage if you are a victim of Cybercrime – possible in some, but not all cases.  Tom has previously put together a number of Cybercrime blogs for us – click on the links below for details, but this is merely the tip of the iceberg and, if you would like to know more, please email Tom on office@pcservicegroup.co.uk

http://pcservicegroup.co.uk/new-sophisticated-phishing-attack-how-to-spot-it-and-dont-be-a-victim/

http://pcservicegroup.co.uk/what-is-cryptolocker-malware-and-how-can-i-stop-it/

http://pcservicegroup.co.uk/dropbox-for-business-why-its-the-best-option/

Rajan Amin from Coversure also joined the event to explain some of the insurance packages that you can use if you want to protect your business risk.

“Cyber insurance will help protect you from financial losses relating to damage or loss of information from your I.T. systems and networks. Cyber cover will help protect you should you suffer either a cyber attack – an increasing common problem in the U.K. – a malicious internal attack, or an accidental loss of data.

In the digital age in which we live, cyber insurance is increasingly being seen as a business-critical insurance cover. According to the Office for National Statistics’ Cyber Security Breaches 2016 report, 65% of large businesses were hit by cyber-attacks in the previous year, one of which cost over £3m to resolve. Small businesses are under attack too, and with only 30% of U.K. SMEs’ staff trained in cyber security, the risks to all businesses are worryingly substantial.”

CLICK HERE to be re-directed to the Coversure website