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Cyber Risks affecting Australia

As our reliance on tech and all things digital continues to grow, so does cybersecurity risk.

As our reliance on tech and all things digital continues to grow, so does cybersecurity risk.

Did you know that Australia is one of the world’s most hacked countries?
With 59,808 cybercrime attacks reported to the ACSC between July 2019 and July 2020 nationwide, it is clear that cyber attacks present an imminent threat.

COVID-19 has also opened up the cybercrime scene. With the prevalence of remote work and the use of insecure home networks, it has become easier for hackers to compromise both personal data and intellectual property. Now in 2021, the development of vaccines, new streams of the virus, and concerns around opening travel borders, phishing emails, and SMS relating to COVID-19 are on the rise. These are very dangerous because they interest readers right away.

Having Cyber Insurance is now a must. Any business with an online presence or electronic data records is at risk. Cyber incidents can put your financial assets, intellectual property, and customers’ confidential information in jeopardy. Cyber Insurance & Risk Management cover can include protection against data loss and liability, business/network interruption, and cyber/privacy extortion.

Contact our team to learn more about cyber risks and how having adequate insurance can protect your business.

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