The average cost of Cybercrime to Australian Businesses is on the rise, protect your Business with Cyber Insurance talk to Peter Vickers Insurance Brokers Lindfield.
A Cyber Insurance Policy can protect your business. It is important to remember that your Business Liability Insurance doesn’t cover you for a Cyber Attack or Data Breach.
Since its inception, insurance has always served to manage risk. In the 17th century, a fire could destroy a shop front, records, and an entire business. Fire insurance served as a means of managing this risk both financially and actively, as insurers owned fire brigades.
The Australian Government estimates almost 700, 000 businesses have experienced a cyber crime, 60% of these attacks were targeted at small to medium size business with the average cost of a cyber crime being in excess of $275, 000.
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Peter Vickers Insurance Brokers is part of the Steadfast broker network.