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What is Your Turnover

This is information help for cyber insurers to determine the level of financial risk your business could face.

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Do You Use Outsourced Providers For Any Operations?

Many businesses outsource parts of their infrastructure to different service providers. These can offer savings and convenience but they also have an impact on your exposure to risk.

If you have collected data from anyone in order to use this in your organisation you would be classed in law as the data controller, and you have the ultimate responsibility for how it is stored and processed. Regardless of whether you outsource any of your processes or even your core infrastructure. In a study references in the Insurance Times, 16% of businesses believed that their business’s IT supplier looks after their cyber security needs.

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Do You Handle Personal Data?

Most businesses will handle or process data in some form. How you protect this data is a key element of cyber risk management.

Data theft is not the only way for cyber crime to affect your business. Cyber insurers have noticed a shift in the behaviour of cyber criminals. In the last year to they have moved focus to industries such as energy and manufacturing. This is moving away from data theft. There could be a few reasons for this. There is a reliance on computer systems but very little work on cyber resilience. This includes poor back-ups, limited disaster recovery planning or testing. These businesses also tend to have a low tolerance for outages making them high impact very quickly.

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Contact Details

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Get a Quote

Answer a few simple questions about your business to get a tailored quote for Cyber Insurance.

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