Stay Alert: Watch out for Cyber crime

We are seeing an increase in cyber-attacks both in the press (Man United were recently held to ransom) and also with local businesses and clients.

At this time of year, as we are gearing down after a particularly challenging 12 months, it is worth reminding both yourself and your team to stay alert to cyber threats.

Cybercrime has become big business, the Internet has enabled organised crime groups to go online, recruit hackers and set them to work bringing in easy money. Setting up an office dedicated to scamming small businesses is a relatively low-cost, low-risk and high-yield proposition. Attacking an SME is an enticing proposition as it is much easier to replicate a small attack, such as a phishing scam and send it to multiple businesses requesting a relatively small ransom, rather than hacking a large corporation for millions.

Help is Available
The National Cyber Security Centre has a wealth of advice to help you and your team become more cybercrime savvy, including this handy guide for businesses.
https://www.ncsc.gov.uk/collection/small-business-guide

Insurance do you have it? Do you know the conditions of your policy?
Having a cyber-insurance policy will not stop you from becoming a victim. However, an insurance policy will provide you with a team of experts to help reduce the impact of an attack. If you already have a policy in place, please take some time now to check the conditions of the policy as there might be specific procedures you have to adhere to to make a successful claim. If you are unsure about these conditions please give us a call.

If you don’t have cyber insurance in place and you would like to discuss your options, please get in touch. You can call our team on 01204 570370 or email info@stanmoreinsurance.com.

Cybercriminals know that we’re all busy, so don’t make it easy for them by making a simple mistake and letting them access your businesses data or your funds.