Cyber incidents are not limited to a particular industry.

Any business that relies on computers, email, cloud platforms, online banking or digital information can have cyber exposure.

Businesses holding sensitive information #

Organisations can face increased consequences from a cyber incident where they hold information such as:

• Personal information
• Financial information
• Health information
• Identity documents
• Client records
• Confidential commercial information

Examples can include professional services, healthcare, financial services and education businesses.

Businesses relying heavily on technology or electronic payments #

Technology dependence can increase the operational impact of an incident. Examples can include:

• Technology and SaaS businesses
• Online retailers
• Professional services firms
• Manufacturers
• Construction businesses
• Real estate businesses
• Businesses using cloud-based systems

Businesses that regularly make or receive electronic payments can also be exposed to risks such as:

• Business email compromise
• Invoice fraud
• Payment diversion
• Social Engineering

Cyber risk also affects small businesses #

Cyber risk is not limited to large organisations. Smaller businesses can also be affected by ransomware, email compromise, data breaches, phishing and system outages.

The relevant question is generally not whether a particular industry is “high risk”, but what systems, data, payment processes and dependencies the individual business has.

Contact our team if you would like to discuss the Cyber Insurance exposures relevant to your business.