Cyber Insurance Review

Protect your business today. 

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We are here to help. 

If your business is supported by a digital backbone, then you are at risk of facing the severe consequences of a cyber-attack.

We can help 

conduct a review to confirm whether you have the right coverage to protect your business from a cyberattack. 

provide recommendations on how to protect your business against cybercrime in 2024. 

What is Cyber Insurance? 

Cyber protection insurance is insurance designed to help protect your business from the financial impact of a computer hacking or a data breach.

Remember, Cyber incidents are now considered the top risk facing businesses globally. Here's why, 

  • From July 2022 to June 2023, there were 94,000 cybercrime reports, up 23%. (ACSC Report 2023). 
  • The average cost of cybercrime per report increased 14%. 
  • Cybercriminal's are now leveraging AI to automate and personalize their attacks toward businesses.

Are you Under-insured? 

For small businesses, being under-insured can have significant repercussions. In the event of a cyberattack, insufficient coverage may lead to financial strain, hampering your business’s ability to recover and resume operations promptly.

The average cost of cybercrime per report increased 14%. On average,

  • Small Businesses lost $46,000
  • Medium Businesses lost $97,200
  • Large Organisations lost $71,600
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FAQ's

How will Cyber Insurance help my business?

Cyber protection insurance is designed to help protect your business from the financial impact of a computer hacking or a data breach.

What kind of attacks am I protecting my business from?

Some of the most common attacks that can expose you to data theft, extortion, or even business failure include hack attacks, ransomware, and phishing. 

I am a small business owner, is Cyber Insurance necessary?

Small businesses are often under-insured in safeguarding their online assets, making SME's targets for cybercriminals. The average loss per cybercrime for small businesses is $46,000.

Protect your business from Cybercrime.

Register for a Cyber Insurance Review today. 

As cyber threats continue to evolve, it is crucial to seek expert assistance from the team at Tudor Insurance Australia.

Our specialised knowledge and tailored coverage can protect your businesses from financial losses, reputational damage, and legal liabilities associated with data breaches and cyberattacks.

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