In depth: Are SMEs behind the times with cyber insurance?
Despite the majority of SMEs not holding any cyber insurance, these attacks are increasing. And despite their size, Martin Friel finds that many smaller businesses are more at risk than larger companies.
John Edwards, the UK information commissioner, gave a thundering warning late last year as he issued a £4.4m fine to construction firm Interserve for a data breach when he said: “The biggest cyber risk that businesses face is not from hackers outside of their company, but from complacency within their company.
“If your business doesn’t regularly monitor for suspicious activity in its systems, and fails to act on warnings or doesn’t update software and fails to provide training to staff, you can
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Technology
Biba 2025 Countdown: Premium Credit’s Owen Thomas
Ahead of the annual event, Owen Thomas, chief sales officer at Premium Credit, underlines the importance of growing compliantly in uncertain economic times, recommends a reliable pit stop to refuel, and nominates Arch’s Mike Bottle as good football manager material.
Biba 2025 Countdown: Broker Insights’ Peter Scott
With exactly a week to go until the conference, Peter Scott, CEO of Broker Insights, advocates meaningful conversations, describes Biba as ‘a marathon, not a sprint,’ and suggests delegates take a moment to reflect at the Alan Turing Memorial in Sackville Gardens.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.
Biba Countdown 2025: SSP Broker’s Martyn Mathews
With the latest Biba conference soon upon us, Martyn Mathews, MD of SSP Broker, highlights the importance of socks, teases a revised sneak peek of its proposition, and explains how he could give speaker Gareth Southgate a run for his money as manager of the Lichfield City under 14s.
Biba 2025 Countdown: Applied Systems’ Tom Needs
Tom Needs, CEO of Applied Systems, is looking forward to a New Era of more efficient, responsive, and customer-centric broking; reckons Arsène Wenger would make a good insurance leader; and expects to end the event with a hoarse throat.
MGA Ventis targets number one real estate spot with brokers following Acturis deal
Managing general agent Ventis is launching into e-trade with Acturis, claiming it would be plugging a gap in an underserved market segment.
Ex-Acromas CEO among senior Pikl hires
Pikl, the vacation rental specialist, has recruited former Acromas Insurance CEO Steve McGuinness as its chief operating officer and Canopius veteran James Everett as its chief underwriting officer.
News analysis: What does Aviva’s commission flex move mean for brokers and their customers?
In February, Aviva told brokers using e-trading platforms Fast Trade and Acturis E-Trade that they could set their own commission rates within set parameters of between 0% and 35%. Saxon East explores what this move means for brokers, their customers and the wider SME market.