For businesses centred on IT infrastructure and allied areas, cyber risks are all too real. Funnily enough, many business owners, especially start-ups, believe a core group of employees can tackle any, and all cyber risks and that investing in cyber risk insurance is a waste of money. But, statistics show otherwise.
Close to 60% of small businesses and 80% of medium to large-sized companies in the UK lose revenue to cyber security breaches every year.
Let us face it. With increasing dependence on technology and automation, our vulnerability to cyber risks is only going to keep growing. The only way ahead is, therefore, to get proper cyber insurance coverage, to shield your business from any eventuality.