Good Advice from National Cyber Security Centre
Posted on 26th August 2020 at 10:13
Advice from National Cyber Security Centre (NCSC) is well received by our advisers.
With nearly half of UK firms reporting a cyber attack over the last 12 months, HI Commercial welcomes news that NCSC is stressing the threat of everyday hackers and hopes the advice will be taken more seriously.
Luke Byron, Director at HI Commercial says:
“As a business we have been raising awareness of the very real threat we face from cyber attacks. Hackers target without prejudice - absolutely any business, charity, public sector organisation, bank, etc, is at risk, everyday.
“Therefore we are pleased to see NCSC has launched its first-ever advice on cyber insurance. They have also highlighted key questions that must be addressed to safe-guard IT networks, bank accounts, emails and personal data.”
In its guidance, newly published online, NCSC urges businesses to focus on the following questions:
What existing cyber security defences do you already have in place?
How do you bring expertise together to assess a policy?
Do you fully understand the potential impacts of a cyber incident?
What does the cyber insurance policy cover (or not cover)?
What cyber security services are included in the policy, and do you need them?
Does the policy include support during (or after) a cyber security incident?
What must be in place to claim against (or renew) your cyber insurance policy?
The advice was launched in consultation with major stakeholders and puts the emphasis on companies to think about insurance and risk management strategies.
“We are fully aware that commercial organisations are not taking cyber security as seriously as perhaps they should. Right now we suggest a review of cyber security and by putting simple measures in place and providing training to employees, the impact of a cyber attack can be minimised.
“Cyber insurance will provide cover in the event of an attack, as long as suitable measures are in place to prevent a breach. This should provide peace of mind to know that in the event of a cyber attack, protection will be available for recovery costs, associated loss of business and legal consequences.
“It works in the same way as theft. If a person leaves the front door to their home unlocked and a thief walks in, steals personal possessions and disappears, insurers cannot be expected to pick up the pieces. Therefore, if a business leaves IT networks unlocked, without suitable password protection and firewalls, again cyber insurers cannot be expected to step in.”
A webinar to demonstrate ways to protect organisations from the threat of cyber attacks will be run by HI Commercial and Think Cloud on 9 September.
The webinar will start at 10:00. To register, click HERE.
If you are not sure about your commercial insurance policies, please call HI Commercial on 01482 247477 for peace of mind that you will be protected at all costs. At your service, at your side – commercial insurance with a personal touch.
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