Why the Giant British Airways Fine Highlights Extra Struggles for SMEs
Following the implementation of the GDPR, it’s no secret that suffering from a cyber-attack can wreak havoc on your organisation—just look at British Airways. The company was recently fined a record £183 million for last year’s data breach. However, while large businesses like British Airways can eventually recover from a high-profile data breach and hefty…
The Hidden Costs of a Cyber-Attack
Many businesses focus on getting their I.T. systems up and running following a cyber-attack, however consideration also needs to be given to: – What data has been compromised? – What the hackers could potentially do with that data? (e.g. send fake invoices to clients; target clients/suppliers in further cyber-attacks; access confidential &/or sensitive information etc)…
These Intangible Threats Are Top Culprits of Business Interruption
Today’s evolving risk landscape contains a wide range of intangible threats—cyber-attacks, broken supply chains and the mental health of your employees, to name a few—that all have the potential to cause noticeable business interruption within your organisation. In fact, recent research found that 20 per cent of organisations feel ill-prepared for unforeseen events in 2019….
Cyber News Update – ‘Audio Notes’
Cyber risks are constantly evolving ► 90%+ of Cyber Attacks Target HUMAN WEAKNESS ► Random Phishing Campaigns are increasing sophisticated July 2019 Cyber News Update Internet Criminals are sending phishing attacks where they try to trick you into listening to a fake “Audio Note”. They show you screen shots and attempt to scam you into…
Brexit: Visas and Passports
Visas and Passports – In terms of passports, the government suggests that UK travellers have at least six months left on their passports from the date of arrival in an EU country. – A no-deal would end visa-free travel to the EU, requiring UK citizens to have a proper visa. For travels lasting less than 90 days,…
Brexit: Will Green Cards be Needed?
The month of Brexit has officially arrived, and — while the government initially said that a ‘no-deal’ is unlikely — recent government releases regarding accelerated planning for such a scenario emphasise the need to prepare for any result. Will Green Cards be Needed?In the event of a no-deal, UK citizens will need extra documentation to…
Stockpiling Over Brexit Fears? Why You Need to Tell Your Broker
With less than a month remaining until Brexit occurs and still no proper withdrawal agreement in place at the time of writing, organisations throughout the UK are preparing for the possibility of a no-deal scenario. Specifically, border uncertainty has businesses across industry lines fearing for an increase in import taxes. And in response, many have…
Directors and Officers Increasingly Liable: 1 in 4 Hit With Claims
Between regulatory changes, increased technology troubles and everyday exposures, the past year has seen a significant increase in liability claims for senior-level business executives. Indeed, a recent survey found that nearly a quarter of senior managers have had at least one claim made against them, and over 30 per cent reported concerns of a claim…
PI Cover Overview
Professional Indemnity (PI) insurance provides cover in respect of liability at law for costs and expenses in respect of claims for a breach of professional duty which may be made against an Insured during the period of insurance by reason of any neglect, omission or error occurring or committed in good faith by the Insured…
PI Cover – Who Needs It?
The need for professional indemnity (PI) cover has grown over the past several decades as more people enter professional service-based professions. While PI insurance still covers ‘traditional’ professionals, such as doctors, solicitors, accountants and architects, a whole new market of professionals now need to consider PI cover. Whether a traditional or new professional, you can…