Cyber Crime Officially Becomes UK's Most Common Criminal Offence
Cyber crime—which includes the theft of personal information, online harassment and bullying, and disruption of trade—was recognised as the United Kingdom’s most common criminal offence by the ONS. It can cost businesses, on average, up to £1.46 million. The best way to protect your business from cyber crime is to purchase cyber insurance.
Cyber insurance provides businesses with protection from risks associated with information technology and activities. A general policy may cover financial losses related to the following:
- Damage or loss of information
- Extortion of money or information
- Damage to reputation
- Interruption to online services as a result of a hack or other type of cyber attack
- Business interruption and denial of service
In addition, standard policies should include liability cover which would compensate any associated businesses (such as distributors) for any financial losses which were sustained as a repercussion of a cyber attack.
To find out more about how you can best protect your business from cyber threats, contact Saffron Insurance today.