Request our new FREE cyber crime insurance fact sheet  

Cyber-attacks have become headline news following a number of high profile hacking cases, which has led to a greater awareness of the risks and need for cover, but it’s not just the large corporates who are at risk. According to a 2015 government report, almost 1 in 4 small businesses were victims of a cyber security breach in 2015*.  Many small businesses now feel it is no longer a question of if they might suffer a breach, but when.

In a recent BBC interview with Ross Walker, Director of Symantec, he explained: “Hackers are increasingly targeting smaller, softer, less reactive targets since these provide a lower risk alternative to financial institutions.” It seems the lower hanging fruit is an easier option for hackers as a wide spread opinion is ‘it won’t happen to me’.

As a managing agent you are likely to hold a lot of personal and sensitive data concerning your customers.  The increasing use of online portals could give hackers access to sensitive information held about individual customer accounts.
cyber-fact-sheetIf a company’s IT security is found to be inadequate and a breach occurs, the penalties are high. Under new EU regulations, you are required to notify your customers of a cyber security breach and could be fined up to 4% of your turnover*.   In addition to potentially substantial fines it can also lead to a damaged reputation, legal costs and associated business disruption and lost revenue.

We work with well-known insurers and can provide competitive and comprehensive cyber insurance.  This covers you against financial losses and third party liabilities up to the limits chosen arising from cyber attacks.

For a copy of our ‘Cyber attacks – think it won’t happen to you?’ fact sheet call us on 01202 449 612 or email

You can find out more about personal and sensitive data at the Information Commissioner’s Office.