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Why Cyber Insurance?

Cyber risks are rapidly evolving, gaining media prominence, and it’s just a matter of “when” your business will be impacted. Small and medium sized businesses (SMEs) tend to hold the view that only high profile targets, (Facebook, Google, Walmart etc) are being attacked.

Once your company utilizes a computer network in its operation, collects or stores confidential information, intellectual property, or facilitates electronic payments and transfers, you are exposed to Cyber Risk.

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Why you need to address Cyber Risk Now

 

Caribbean BUSINESSES are greatly exposed and highly vulnerable to CYBER ATTACKS, which means that our PRIVACY AND businesses are always at risk.

 

How many cyber attacks happen per year?

 
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Cyber attacks on Barbadian business are happening right now.

 

recent cases have included:

  • E-mails being spoofed and orders forged to obtain payment.

  • Accounts hacked and digital signatures stolen to transfer funds from banks.

  • Extortion from sensitive and confidential data.

  • Malicious code and viruses interrupting operations.

 

72% of attacks recorded occur on SMEs with an average cost of $300,000 per attack.

 

Is your company at risk?

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