Businesses urged to insure against a cyber attack

By Anita Jaynes on July 07, 2015

With the chances of a cyber attack on the increase, businesses can’t afford not to take precautions – that will be the message at a seminar to be staged in Swindon this month.

Julie Donkin, of insurance broker Ashley Page, will deliver a presentation at the free event on Wednesday July 15, hosted by Banks BHG chartered accountants.

“There are over 1,000 cyber attacks per hour and rising, which is a massive threat to all UK businesses, some of which have ceased trading due to hacking, malware, phishing scams and operational error due to the cost and lack of technical resource,” said Julie, who is with Ashley Page’s cyber and tech insurance division.

“Initially regarded as an ancillary product, cyber insurance has become a necessity. With the ever-changing environment due to increasing use of technology, new exposures arise for all businesses and it is imperative to ensure that there is an understanding of the risk.”

Julie’s talk will cover the risks, which include hacking, data breach, viruses, employee sabotage and network downtime. Julie added: “The costs of a cyber attack are far-reaching, as there is a loss of income and expenses incurred.”

The event starts at 5.45pm, and is follow by a light buffet. Booking for the event is via www.banksbhg.com or by emailing claire.hunt@banksbhg.com

Pictured above: Julie Donkin of insurance broker Ashley Page