Shield Against Rising SME Threats This Cybersecurity Awareness Month with Cyber Insurance
Cybersecurity awareness month
October marks Cybersecurity Awareness Month, a crucial time to reflect on the growing risks you’re facing from cyber threats.
Cyber threats are increasing rapidly, both in numbers and severity. With cybercrime rates rising, it’s essential to understand these dangers. It’s not just large enterprises at risk; businesses of all sizes are now targets.
This escalating risk demonstrates the critical need for cyber insurance and security measures. Regularly reviewing these measures ensures your business stays fully protected. To support you, we’re offering a FREE, no-obligation cyber risk assessment. Contact us using the options at the end of this blog, and we’ll help you to identify areas of your business in need of extra protection.
Why Your Business Needs Cyber Insurance
Nearly all businesses now rely on technology in some way, whether it’s for payments or storing sensitive data. With so much online, the risks grow. The more we depend on technology, the more exposed we become to cyber threats.
Cybercriminals are evolving just as quickly as technology. They’re getting more creative with every passing day, leaving all businesses vulnerable. Attacks on SMEs have been rising, with 60% of SME’s targeted by cyber-attacks in 2023. Many companies were caught unprepared because they never expected to be targets.
The financial impact of a cyberattack can be devastating. This makes having the right cyber insurance more important than ever. Cyber insurance covers the costs of data breaches, legal fees, income loss, and more. It offers numerous benefits, helping your business recover quickly and minimising the damage — financial and otherwise.
Common Cyber Threats You Could Face
Your business faces unique cyber risks, but some threats are more common than others:
- Phishing – Cybercriminals use phishing emails to trick employees into providing sensitive information or downloading harmful software. This grants them access to your data, devices, and/or systems.
- Ransomware – Ransomware locks a company out of its systems, demanding payment before restoring access. Operations often grind to a halt until the ransom is paid.
- Data Breach – When cybercriminals steal client or employee information, it can lead to legal trouble, loss of trust, and reputational damage.
How Cyber Insurance Protects You
Cyber insurance serves as both an operational and financial safety net. Here’s why it’s essential:
- Financial Cover – Cyber insurance steps in to cover the significant costs associated with cyberattacks, keeping your business financially secure.
- Data Recovery & Restoration – Recovering your data and systems is crucial after an attack. Cyber insurance covers the process, helping your business to bounce back quickly.
- Third-Party Liability – If client data is exposed during a breach, cyber insurance can cover legal fees and compensation, easing the financial burden.
Be Proactive This Cybersecurity Awareness Month
Cybersecurity Awareness Month isn’t just about recognising the risks — it’s about taking steps to protect your business. Prevention is always better than cure, and cyber insurance ensures you’re ready for the worst.
Now is the perfect time to reassess your current cybersecurity measures. Make sure your business has the right cover in place to stay protected. To support this effort, we’re offering a FREE, no-obligation cyber risk assessment!
Contact us using the options below, and one of our expert brokers will run a cyber risk assessment for your business. We’ll help improve your security and ensure you always remain protected.
To discuss a new policy, or current policy please get in touch with us via one of the options below!
Book a call 01730 265500 Contact request form hello@robison.co.uk
