We have a pragmatic risk-based approach to cyber security which ensures maximum protection for your business ensuring you get excellent service with consistent, future-proofed advice in plain English, whilst ensuring businesses are future-proofed against the ever changing and dynamic data security landscape.
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Vladimir Putin’s attack on Ukraine has led to a united response from NATO powers determined to stop Russia’s leader extending his western border. Whilst sanctions may take some time to impact the Russian invasion, another threat has arisen causing concern for Western governments and agencies. Bodies such as the National Cyber Security Centre (NCSC) and the US’s Cybersecurity and Infrastructure Security Agency (CISA) have warned organisations to be extra vigilant in the face of the increased threat of Russian-led cyber-attacks.
If you are in any doubt that cyber-crime is now a huge issue, just look at the recently published Police Foundation Report that revealed fraud and cyber-crime made up 53% of all UK crimes. Disturbingly, only 0.1% were prosecuted. According to a Payback report analysing fraud and cyber- crime statistics from the National Fraud Intelligence Agency, this cost UK businesses and individuals £2.5 billion across 500,000 cases in the last year.
Over the last decade, UK businesses have been able to transfer some of its cyber-risk to insurance companies, knowing that if a serious cyber event occurred, financial losses would be covered. The problem in the last couple of years is that cyber-crime has developed so rapidly in scale and complexity that insurers are battening down the hatches. Consequently, FDs and CIOs are finding that they can no longer just transfer their cyber-risk to their insurer. Today, businesses must mitigate their risk through a carefully considered IT security strategy if they want to get covered.