CYBER CRIME EVENT INSURANCE
A TAILORED PRODUCT SPECIFICALLY DESIGNED FOR SMALL AND MEDIUM ENTERPRISES TO PROVIDE PROTECTION AGAINST CYBER EVENTS.
Cyber-crime is a growing menace world-wide
And no business is more vulnerable than small business. The reasons are simple. Large companies generally have the money and resources to protect their interests. Many even have whole floors and teams of experts dedicated to the security of company records and sensitive data.
Small and medium enterprises are not so fortunate. A successful infiltration by cyber criminals and hackers could mean the closure and bankruptcy of vulnerable businesses and their directors.
No longer can ignoring the threat make it go away. You cannot prevent an attack but you can take action to limit the damage and get your business back up to speed with insurance. The problem is that many businesses operate under the belief that their existing insurance policies are enough to cover their data security and privacy exposures.
This is not the case.
Help is on the way
Fortunately, some Australian insurance companies are at the forefront of making good the damage of cyber threats. And although stopping the hackers and other criminals in their tracks is not within their capability, they are able to provide the next best thing… picking up the financial pieces of damaged businesses following a cyber attack event.
Cyber Event Protection Cover is affordable protection for small and medium enterprises against the impact of cyber-crime.
Buying the cover from a qualified insurance broker is by far the better way to go but choosing the right broker is important. You need a broker who understands the risks you face and has the knowledge to advise on the most suitable cover for your exposures.
About City Rural Insurance Brokers
City Rural Insurance Brokers in Adelaide South Australia, was established in July 1995 and over this time has developed specialist brokers in areas ranging from Cyber Crime and Cyber Event Protection, Commercial Motor, Market Stalls, Professional Indemnity, Liability, Business, Event and Arts and Crafts Insurances for clients across Australia. Our Brokers have over 50 years of Industry experience.
We are members of the Steadfast Group, which entitles our clients to additional benefits on a range of policies from Home & Contents, Private Motor and Business Pack Insurance to name a few, at no extra cost.
City Rural Insurance Brokers Pty Ltd
200 Greenhill Road, Eastwood SA 5063
PO Box 7138 Hutt Street, Adelaide South Australia 5000
Telephone: (08) 8272 7785
Latest Cyber Articles
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What’s happened? Scammers have set up a clone of the myGov website to trick you into sharing your login and bank account details. The scam starts with a phishing email that looks like it is from Medicare, asking you to update your Electronic Funds Transfer (EFT) details, so you can start receiving […]Read More
This article is brought to you by Steadfast. Many SME owners believe that they don’t have to worry too much about cyber crime. After all, why would Internet villains bother with small fry when they could go after heavy hitters such as Yahoo, eBay or Uber? Unfortunately, cyber criminals take an […]Read More
What the Australian Cyber Security Centre saw in 2022-23
Small business: $46,000
Medium business: $97,200
Large business: $71,600
Business email compromise (BEC) fraud
Online banking fraud.
On average, a report every 6 minutes
ASD answered 33,000 calls, up 32%
On average 90 calls per day
Information and Statistics received from ASD Cyber Threat Report 2022-23.