Cyber Liability & Privacy Insurance
With the new Privacy legislation introduced in March 2014, and increased publicity around cyber-attacks, has come a heightened awareness of privacy and cyber exposures.
The numbers are alarming, with more than 20% of Australian businesses experiencing cyber-crime, and 40% of all attacks directed at SME’s.
Some of the common events that can result in a cyber claim include:
- a hack attack
- breach of privacy
- lost or stolen iPad or laptop
Hack attacks are becoming more prevalent with the hackers demanding a ransom in order to return your data. This ransom can be an insurable event.