With cyber-crime attacks becoming ever more widespread and sophisticated, you need to be sure you’ve got the right protection. Especially since the arrival of the GDPR. What support does your insurance provide if you suffer a data breach? Have you got cover for reinstating data? If you’re subject to a regulatory investigation, are your costs covered?
For a quick overview of the threats you face watch our short video:
Cyber and GDPR
General Data Protection Regulation (GDPR) impacts every business.
One of the legislation's key requirements is that the confidential data you hold on your customers or suppliers must be processed in a manner ensuring an appropriate level of security. Is yours? See what you should do about cyber and data security and GDPR.
The enforcement of GDPR means that your business can be fined up to €20m or 4% of your turnover (whichever is the greater) for breaches of your customers’ data.
Cyber and data security, and GDPR: what you should do
Here’s what you need to do now:
Appoint a senior manager with some expertise to take responsibility for your cyber and data security and draw up an information security policy
Make sure you understand your obligations to notify theInformation Commissioner’s Office (ICO)within 72 hours (and, in some instances, the individuals affected) of personal data breaches
Consider whether the confidential data you hold should be pseudonymised and encrypted
What should you do if you suffer a cyber or data attack? Here is our three-step checklist:
Log and monitor any suspicious activityThis can help to inform you as soon as a breach happens, giving you a chance to respond quickly and limit potential damage. It’s also useful to have a trail of activity carried out by the hacker.
Regularly back up your dataThis will make it easier to access data – reducing downtime – in the event of a breach. But be aware that there’s a risk that you may restore the same vulnerabilities which caused the breach in the first place – consult a specialist on how to mitigate this risk.
Inform your cyber and data security insurance providerIf you don’t have cyber and data protection insurance, Towergate can create a policy tailored to your needs that provides cover for a range of different cyber-attack scenarios.
Specialist cyber crime and fraud insurance
With the Cyber Crime and Fraud Insurance that's right for you business, you can rest assured that your protection includes:
Data recovery support in the event of a breach
Extortion cover if a hacker tries to hold you to ransom
Business interruption cover to keep you going after a cyber attack
Payment of costs associated with regulatory investigations
Cover for claims for damages against your business
Get a crime cyber and fraud insurance quote
For more information, to discuss your particular cyber and data security requirements or to get a quote, simply contact Towergate on: