Cyber security and data protection must be considered as essential for all businesses.
Hackers are not the only threat – today’s businesses rely on the internet for services such as online marketing, administrative functions, inventory management, credit card processing, and distribution controls. Any intrusion that disrupts delivery of these services can lead to brand and reputation damage, regulatory scrutiny, stakeholder dissatisfaction, and financial losses.
On 25 May 2018, the General Data Protection Regulation (GDPR) comes into effect in the EU and across the United Kingdom. The GDPR replaces the Data Protection Act (DPA) and ushers in expanded rights to individuals and their data, and places greater obligations on businesses and other entities that process personal data with increased fines.
FOCUS can help you find the right insurance solution to protect your business. Use our Cyber Risk Exposure Scorecard to work out your risk level.
We can also provide you with guidance on achieving GDPR compliance ahead of the new regulations coming into force. Take a look at our handy 12 steps to prepare for GDPR checklist.
Working with our partners at cyber and data risk specialists, Berea Group we can also offer you training and compliance solutions.
If there is anything we can help you with in the world of cyber risk, whether it be insurance arrangements, advice or training, please do not hesitate to contact us.