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In a world of data breaches and hacks, cyber security is important for everyone with an online presence, more so for businesses with the responsibility to protect customers. Brand trust is one of the main factors customers consider when buying a product or commissioning a service. In today’s hyperconnected world, word of mouth from a happy consumer can have a great impact on the success of a business, and a negative review resulting from poor cyber security practices can impact the trust factor you want for your business.
Who should be concerned about cybercrime?
In today’s digital world, all organisations, big or small, including SMEs, are at risk of a cyberattack. The following five industries are more susceptible to cyberattacks:
Implications and risks of not having cyber insurance
How do I know if my business requires cyber insurance? The answer is simple. If you possess or have experienced any of the following, you are at risk of cyberattacks and you need cyber insurance:
Cyber security for your business. Why should you care?
Cyber security is important because it protects you and/or your company from potential cyberthreats, which are on the rise as we rely more on digital connections in our personal and professional lives. The advancement of technology has left many people vulnerable to crimes committed by cyber criminals, such as hacking, data theft and damage, and even industrial espionage.
Cyber security encompasses all technologies, methods and processes to defend computer systems from cyberattacks. Not only does cyber security bring peace of mind to you as the business owner, but it also adds that layer of protection your employees need when they’re working remotely.
Educating your employees on cyber security practises
As a business owner, besides attending to the cyber security needs of your business, one of the greatest things you can do is to equip your employees with knowledge. Onboarding a new cyber insurance policy is the perfect time to create knowledge and awareness for your teams.
Employees need to be able to:
Why choose Santam’s cyber insurance?
As a business moves more towards e-commerce and an even greater online presence, it becomes increasingly important and more prudent to be protected from cyber criminals.
One great advantage of having cyber insurance is that it enables a business to bounce back from any business interruptions and financial loss incurred as a result of a cybercrime. Cyber insurance also helps with the practical side of getting IT experts to restore systems, recreate data and pre-empt new threats.
Cyberattacks without insurance can result in:
Knowledge is power when it comes to matters of cyber security. Equip yourself as a business and protect and empower your people with the peace of mind that comes from cyber insurance.
For more information on cyber insurance, please visit our cyber security page.
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