Cybercrime is now the second most commonly experienced crime behind asset misappropriation with 30% of Australian organisations having experienced cybercrime in the past 12 months at an estimated cost of $1.06B.
After taking years to build a reputation 85% of Australians said they would stop dealing with an organisation if their data was breached. A single breach can change everything.
The amended Privacy Laws now include more power to the Privacy Commissioner to impose civil penalties to offending organisations (up to $1.7M) and individuals (up to $340,000) involved in a data breach event.
Cyber extortion can also cost you considerable time, money and inconvenience.
Cover can be organised to protect your business from this rapidly growing threat through a tailored policy that will provide you with the necessary protection and be there for you should you be hit with
Statutory fines, legal expenses, data restoration costs and extortion attempts to name some.
