Cyber Insurance is critical for effective cyber risk management

Key reasons why?

Helps business respond to and recover from financial costs associated with breach events. These can include:

  • Operational Disruption- When a cyber incident disrupts normal business operations, you need immediate support to cover the resulting losses.
  • Remediation and Recovery Expenses - Helping foot the bill for investigating breaches, communicating with affected parties,  and restoring systems.
  • Legal Fees–Cyber incidents often involve legal complexities. Having insurance ensures that legal costs don’t become a burden.
  • Reputational Harm - A cyberattack can tarnish a company’s reputation. Insurance helps manage the fallout.
  • Regulatory Fines - Compliance violations can lead to hefty fines and complex rework. Good coverage provides a safety net here as well.

 

DP360 -The Pillars of Protection

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Secured Data & Cyber Insurance

It is clear there is no 100% "IT" defence against cyber attack. As part of our solutions, insurance will provide incident response services and protect you from costs associated with a cyber breach events. Cyber Insurance is a critical part of your cyber defence and can plug your cyber vulnerabilities that are low touch so you can focus on your core business.
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Cyber Audit & Risk Management

CIS is releasing its advanced cyber risk management compliance platform to provide clients with 24/7 oversight, it gives you control over cyber risk by allowing you to assign professionals (internal or external) to implement recommendations with accountability and timelines. This gives you management over cybersecurity and who, how and when the vulnerabilities get addressed. The platform leaves an audit trail, as evidence to satisfy management, boards and regulators alike.
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Endpoint Protection with Incident Response

This one solution includes layered endpoint protection, incident response and 24/7 monitoring in a single cohesive security package. From SME to Enterprise – we deliver ‘COST EFFECTIVE” solutions for your size and need.
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Cyber Awareness & Education

Delivered in simply followed modules – we provide the level of cyber education your people need to create the critical “people” layer of cyber defence. A major cause of cyber attack is coming from “within” companies. The need to put your people through the right ‘Cyber and Data Management’ training is critical. Its is ok to raise the level of awareness of staff, but you also need to test them to ascertain their levels of awareness. Out platform tests, trains and adapts to target learning modules to each individual.
Get Protected
Some quick facts about the current cyber environment

Cyber State of Play

Cyber Crime

SMEs were the target in more than 43% of reported cyber crimes last year, this figure is believed to be much higher.

It's the money!!

76% per cent of cyber attacks are financially motivated.

Cyber Insurance

Only about 15% percent of SME’s have cyber insurance. This means that 1.955 million Australian businesses are not insured.

Business not ready!!

At least 70% percent of all businesses are unprepared for a cyber attack.

Human error

Over 50% of data breaches are due to human error. Cloud data breaches are over 90% human error.

You're probably already infected!!

Most companies take nearly 6 months to detect a data breach, even major ones.

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