The rise in cyber attacks is everywhere. As the statistics of losses and breaches are becoming more prevalent, protecting online elements of business is at the forefront of everyone’s minds. But why is cyber insurance for professional services, such as accountancy and consultation, particularly important?
Word of mouth is spread on an increasingly digital platform. Reputation, trust and security are more valuable commodities than ever. Compromised security for small/medium firms can have devastating results, specifically due to the nature of client and third-party data. A simple data breach for a small company can result in bankruptcy, therefore finding a policy that’s extensive enough to cover your needs is the most effective solution.
Aside from harming reputations, another cyber risk that professionals face is direct damage to their digital assets. Phishing, fraud and ransomware are key threats that we cover in our cyber policies, to prevent your business from taking the financial hits thrown at you by hackers.
If you’re interested in learning more about cyber insurance for professional services and how to protect your business, please join us on the 17th of June for a 30 minute webinar that dives into greater detail about the threats your business is facing and the solutions we offer in response. Register your interest here: https://www.eventbrite.co.uk/e/cyber-security-webinar-tickets-146933539171
Additionally, feel free to speak to one of our friendly team at info@custodianinsurance.co.uk or give us a call on 03333 448 535.
