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Cyber Risk Management

Cyber Risk Management

GPDR – Cyber Risk Management – Be prepared!

At MRIB, as well as insuring against cyber-attacks, we believe in helping our clients to better assess and manage cyber risk. That’s why our Cyber Risk Management service provides you with a bespoke report detailing the true cyber challenges your business faces and a ‘Top Ten Cyber Improvements Checklist’ to better protect your business against cyber-attacks.

The threat you can’t see but shouldn’t ignore!

Today technology is at the heart of everything we do – from the way we socialise to the way we do business. It’s amazing to think how much technology has progressed in the last two decades, pre 2000 broadband, social media, iPhone and tablets didn’t exist. With the wealth of possibilities such progressive technology affords us it’s all too easy to forget the hidden threat to our businesses.

Cybercrime is the fastest growing crime in the world. In 2016 alone UK companies faced over 7 million cyber-attacks with costs escalating into the billions.* The fall-out from cybercrime is not only costly in monetary terms, a company’s reputation can be irreversibly damaged. 60% of SMEs stop trading within six months of an attack.** Despite all this, in 2016 only 13.7% of UK SMEs held cyber insurance.***

The reassurance, planning and protection you need

Now more than ever is the time to protect your business against the evolving cyber threat. New General Data Protection Regulations are coming into force in May 2018. These changes mark the introduction of severe penalties for businesses in breach of the data protection regulations. Companies can be fined up to £17 million or 4% of their global annual turnover, whichever is greater.

Get in touch today and protect your business against cybercrime.

In association with STORM Guidance logo

*Federation of Small Business

**GOV.UK Government Policy Cyber Security 2010-2015

***Aviva Cyber Guide 2017