Cybercrime is currently one of the largest risks facing Australian businesses. Typically, you may rely on IT solutions to protect your assets and operations from these risks, however the largest form of cyber losses do not always arise from having the best IT solutions in place.
Knowing that companies are focusing on building and improving IT systems to protect themselves, hackers have changed their approach. With 90% of breaches beginning with human error, hackers are exploiting this and targeting the business’ staff for their own financial gain. Commonly referred to as Social Engineering attacks, they are seeking to exploit human nature, your employees, to infiltrate IT systems in an approved and authorised manner, bypassing IT defence systems & software.
In order to protect yourself and your business, the first step is to focus on human risk management and awareness within your organisation and ensure they understand and can identify possible cyber threats to help neutralise, at an early stage, any impact on your business operations.
Insurance policy coverage is now readily available to cover losses and liabilities arising from Cyber related events.
A robust insurance coverage tied with a good educational program for your Directors and staff can prevent crippling systems issues from denial of service, ransomware, and business email compromise (BEC) attacks.
We strongly recommend you obtain policy coverage indications for Cyber Protection coverage, contact us for more information.
To learn more about how to protect your business from Cyber-related events, contact our friendly team today: