In Ireland 61% of businesses are reported to have suffered from cyber-crime in the last two years, this is up from 44% in 2016 (2). However, the financial loss from cyber-crime itself is not the only issue a business may face when it comes to their IT systems and the data they hold.
Businesses may face expensive clean-up costs after an attack and also potential compensation claims to clients under GDPR.
Cyber Liability Insurance
Of course, prevention is better than cure. Having a good IT security system is very important.
But no security system is ever 100% secure. You should make sure to have cyber liability insurance in place, to act as a safety net for when the worst happens.
If you want more information on cyber insurance, what it covers or are looking to get a quote, do not hesitate to contact a member of our team.
- Phone: 091 535 413
- Email: Cover@Burkeins.ie
- Website: www.burkeins.ie