There’s a new kind of criminal operating in the black economy: a smartypants nerd with killer hacking and coding skills who can dupe businesses into paying fraudulent accounts. And because this is done willingly it may be excluded from insurance cover.
Cybercrime is growing rapidly and it is the number one threat facing Australian small to mid sized businesses, but how much do you really know about it? Click on our infographic to download the 20 cybercrime facts and statistics you need to know.
It’s been on the market for a while now and demand for it has grown over the last two years, but uptake of cyber insurance in Australia is still alarmingly low.
In light of this week's global ransomware attack, the spotlight is once again on cyber-crime and growing concerns on the preparedness of large, complex organisations to respond to an attack.
A second major global ransomware attack in two months has left thousands of businesses reeling, with Russia’s biggest oil company, the Ukrainian Central bank, multinational shipping, logistics and marketing companies – and a chocolate factory in Tasmania among the casualties.
Here’s a fact: cyber risk management is a business imperative, not an IT one. And though awareness of cyber risks is growing in Australia, only 50% of Australian big businesses believe they have adequate plans in place to mitigate a cyber security crisis.
There's less than a year to go before the new mandatory data breach reporting law comes into effect. Have you reviewed your company's cyber insurance and data breach response plan?
The massive ransomware attack which has affected more than 200,000 people in 150 countries is a timely reminder for Australian businesses to prioritise strengthening their cyber security measures, according to Arthur J. Gallagher Insurance Brokers.
One of the questions we are asked a lot is, "Why do I need an insurance broker?". We've compiled 7 signs that indicate your business needs the help of an insurance professional.
Australia is expected to have a mandatory breach notification scheme in place within 12 months after the senate passed new laws requiring businesses to alert regulators and customers if they have experienced a data breach.