Despite a reported 54% increase in cyber threats over the last 12 months, KPMG a leading provider of auditing services, have found that UK IT security professionals are inadequately covered against Cyber Liability.

Understanding cyber issues

Whilst awareness of cyber issues is growing, there is still much work to be done in order to help companies better understand the risks associated with running IT systems, particularly those systems that are critical to business operations.

Prevention isn’t always possible

The increase in cyber attacks is a continuation of the trend of the last few years and companies need to ensure as best they can that they are protected. The reality is however that many hackers are one step ahead of the security software vendors so you need to consider other forms of protection such as insurance.

Protecting our clients

Whether in relation to a company’s own costs due to a system failure through virus attack, hacking, hardware failure, etc., or liability cover in relation to Internet content, the loss of or breach of sensitive information or the inadvertent transmission of a virus, insurance can help companies ensure the funds are available.

For more information about cyber insurance please call the team on 0800 093 4470 or e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Source: Ace Group