In today’s digital landscape, even the smallest businesses rely on technology. It may be for online sales, customer data and internal operations. But with each connection comes risk. A single cyber attack can lead to financial losses, regulatory penalties and lasting reputational damage.
SMEs are Prime Targets
43% of Cyber Attacks target small businesses.
Hackers see smaller companies as easier targets, often with weaker defences and valuable access to larger partners through supply chain links.
Lack of Cyber Security Training
Only two in five (39%) of SMEs have arranged cyber-security training for their staff, leaving many exposed to growing digital threats.
Human error is a leading cause of breaches, yet most employees aren’t trained to recognise phishing or avoid risky behaviour.
The Cost of an Attack can be Significant
The average cost of a cyber attack on a small business is £7,960.
Many can’t recover, 60% go out of business within six months of a major cyber incident.
Cyber Insurance Helps Business Recover
Cyber insurance can cover:
- Data breach response
- Legal costs and regulatory penalties
- Business interruption losses
- Public relations and reputation repair
Smart Protection is Smart for Business
Cyber insurance doesn’t replace cybersecurity, it complements it. A policy tailored for your business can be the difference between recovery and ruin. How confident that your business is protected?
Speak with our team today on 01270 449449 or complete our enquiry form and we’ll be in touch to discuss your cyber insurance requirements.