What is Cyber Insurance

Cyber Insurance is designed to help businesses respond to cybercrime, data breaches, and technology-related disruptions. It can cover the cost of responding to an attack, like notifying clients, recovering data, hiring forensic experts, and managing reputational damage.  For small to medium businesses, cyber risks are no longer just a “big company” problem. Even something as simple as clicking on a malicious link or sending a client’s personal details to the wrong email address can lead to a claim. You can view data breaches involving Australian businesses here.  Some policies also cover financial loss from scams, such as invoice fraud or social engineering. With the growing reliance on technology and remote work, Cyber Insurance is becoming essential for businesses of all sizes.  While this type of insurance and risk may seem overwhelming, please feel free to contact our team for additional assistance.