The WannaCry ransom attack demonstrated clearly that cyber insurance is now a ‘must have’ policy for both large and small Australian businesses, say the experts at Arthur J Gallagher.
Cybercrime is now one of the biggest risks faced by all Australian businesses, regardless of size. Increasingly sophisticated cyber criminals are able to exploit the vulnerabilities of your systems or networks to gain unauthorised access to data; to download malware; or to attack a computer or website causing it overload and stop operating (known as DoS or Denial of Service).
Unfortunately, many cyber risks fall outside traditional insurance policies. This has led to a rapid increase in the number of specially crafted cyber insurance policies on the market. Arthur J. Gallagher works closely with clients to identify risks and mitigation strategies to ensure you have a thorough understanding of your cyber security exposures. We will then arrange comprehensive cyber insurance solutions designed to address business interruption, data security and privacy protection risks.
For more information, including background on the Notifiable Data Breach (NDB) scheme and how it affects your business, visit the Arthur J Gallagher website here