Small businesses can still have significant cyber exposures.

A business does not need to be large or hold millions of records to experience a costly cyber incident.

What can create a cyber exposure? #

Examples include businesses that:

• Use email
• Store client information
• Store employee information
• Use cloud software
• Make or receive electronic payments
• Allow remote work
• Depend on computers or connected systems
• Use external IT providers
• Hold commercially sensitive information

What incidents can affect a small business? #

Examples include:

• Business email compromise
• Fraudulent invoices
• Altered payment instructions
• Ransomware
• Stolen credentials
• Unauthorised system access
• Accidental disclosure of personal information
• Data loss
• Incidents affecting third-party technology providers

Using cloud systems or outsourcing IT support does not remove the business’s exposure.

Depending on the policy, Cyber Insurance can assist with matters such as:

• Incident response
• Forensic investigation
• Data restoration
• Legal assistance
• Notification costs
• Business interruption
• Certain third-party claims

Cover remains subject to policy terms, security requirements, exclusions, excesses and limits.

Contact our team if you would like help reviewing your small business cyber exposure.