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Cyber Security and Cyber Insurance

The world is working in new ways since the appearance of COVID-19 and the subsequent lockdowns imposed. Employees have ditched the daily commute in favour of a dressing gown and a sleepy shuffle to the spare room to start their working day.

Remote working is here for the foreseeable future with some companies opting to make the permanent switch to home working. This has given cyber criminals the ideal environment in which to step up their campaigns of online fraud and cyber crime. Cyber crime can take on many forms so it is important to keep up to date with the latest information. Some examples of common scams include

Official looking tax refund or grant schemes
Fraudsters claiming to be from a government department or local authority offering refunds or grants relating to coronavirus – this may be through the post, email or text message.
Phishing messages
Research shows that people are more likely to click on a COVID-19 related phishing email due to the ongoing pandemic and its personal relatability. Scammers may send emails that pretend to be from your bank, e-bay or pay-pal for example.
Fake invoices
You could receive an invoice from a supplier you already use with a message stating their contact details or bank details have changed. Always verify this information with a contact you already have before making any payment.
Impersonation of senior managers / company directors
You may receive an email or phone call from someone claiming to be somebody senior within your company and requesting payment urgently to a new account. Be careful about making hurried payments and always double check via your usual contact methods if you are suspicious.
IT support scams
People working remotely may receive requests for access to their computer or device from people pertaining to work for your IT department or contractor. Always be cautious and validate this request internally where possible. If criminals gain access they could install ransom software or steal confidential information.

A successful cyber attack can have devastating consequences for a business. Whether this be through loss of money, loss of reputation or fines from regulatory bodies. Doing your utmost to protect your systems and train your staff is the most important step you can take but having Cyber Insurance in place can ease the stress for occasions where you still fall victim to criminal behaviour.

Cyber Insurance can help with losses arising from cyber attacks by minimising the financial loss, business interruption and reputation loss you may suffer. This means you can restore your systems and return to normal operations quicker. The rise in demand for this type of insurance means that most insurers now offer a cyber policy, speak to a professional who can help find the right policy for your business.
About Author Lifestyle Insurance :

We are a leading commercial fleet insurance Stockport UK. We supply the best motor trade car insurance policies from an extensive panel of insurance companies and at cheapest rates. For cheapest motor trade insurance Stockport UK, Call us at 01616413229 or more information please visit our website <a href="" target="_blank"></a>.

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Article Added on Sunday, September 20, 2020
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