BUSINESS SUPPORT
DEFENDING DATA
SIMPLYBIZ INTRODUCES COMPREHENSIVE CYBER INSURANCE FOR FINANCIAL ADVISERS .
Nick Campbell PI Manager SimplyBiz
A s the spectre of cyber-attacks on SME business looms ever larger , safeguarding the financial and personal data of you and your clients becomes paramount . Recognising the urgency of this matter , we at SimplyBiz , in collaboration with our Professional Indemnity ( PI ) insurance partner Collegiate , have unveiled a cutting-edge Cyber Insurance offering . Tailored to the unique needs of advice firms , this insurance aims to fortify defences against cyber threats and alleviate the potential fallout from an attack .
The rising threat landscape The severity of the issue is hard to ignore , with a staggering 96 % of cyber-attacks specifically targeting SMEs . Moreover , the financial services industry finds itself squarely in the crosshairs , signifying a pressing need for firms to adopt proactive measures . Financial advisers , holding sensitive client data , emerge as prime targets for cyber-criminals seeking unauthorised access , whether for selling valuable data or executing sophisticated phishing schemes .
Holistic protection at your fingertips Our new Cyber Insurance service is seamlessly integrated into our PI insurance offering , streamlining the process for firms seeking comprehensive coverage . The Cyber Insurance policy provides a robust shield against a spectrum of cyber threats :
1 . Proactive cyber security measures : Throughout the policy ’ s lifecycle , expert cyber security protection actively identifies and mitigates potential threats . Employing proactive scanning , dark web monitoring and diverse threat intelligence feeds , the service stays one step ahead of evolving cyber risks .
2 . Immediate response and resolution : In the unfortunate event of a cyber security issue , the insured firms gain access to a 24 / 7 cyber security response line . Their expert claims handlers collaborate closely to neutralise the threat swiftly , minimising business disruption and financial impact .
Get your quote Scan the QR code or go to bit . ly / CyberIn to complete this form to get started .
3 . Tailored coverage options : Firms can choose from three distinct levels of coverage , ensuring a tailored approach to their specific needs . Coverage includes costs for initial response and remedial action , addressing system and business damage , liability concerns , theft and more .
Empowering firms through information To further empower firms in their cyber security journey , we are providing valuable resources and information , including a comprehensive guide to Cyber Insurance and real-world case studies highlighting thwarted threats , via our Member and Client websites . The goal is to equip firms with the knowledge needed to make informed decisions about their cyber security posture .
Streamlined quote process Recognising the value of time and efficiency , we have simplified the insurance procurement process . Financial advisers can now obtain a Cyber Insurance quote simultaneously with their PI insurance renewal . By completing a straightforward form , firms can take a proactive step towards fortifying their cyber security defences . In an age where data is currency , Cyber Insurance offers protection , empowering advice firms to navigate the digital landscape with confidence and resilience .
Access info and resources Visit our Cyber Insurance pages in the Your Business section of our Member and Client websites .
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