Cyber Risks are an increasing area of concern for Businesses and gradually Insurers are putting together policies that will suit this area. Although not a complete solution is offered from Insurers, you can now obtain specific cover on Cyber Risks, additional sections to a Management Liability policy with some insurers and also Multi-media Liability policies.
However, prevention is better than cure and this section aims to provide tips and advice about controlling and reducing your risks.
Targeted cyber intrusions are the biggest threat to Australia’s ICT systems (Department of Defence, 2012). Intruders are looking for information on business dealings, intellectual property and scientific data.
The Defence Signals Directorate (DSD) has developed a list of strategies to control and diminish targeted cyber threats. The strategies are based on analysis of incidents across the Commonwealth Government, and provide one of the best guides for small business owners to avoid intrusions.
The key message of the list is that at least 85% of targeted cyber intrusions that the DSD responds to could be prevented by following the top mitigation strategies:
For more information about how to mitigate cyber threat in your business, visit the Department of Defencewebsite
Click on the following links for more information.
Advisen’s Cyber Liability Journal Q2 2012
2012 the year of the Cyber Attack
Cyber risks – the new frontier here
Even the US Defence Systems are vulnerable to hacking – Cyber Security
US Companies keeping Cyber Security Breaches secret
Best Passwords for being Hacked for 2011
Sony’s Cyber Attack and the Privacy Act
Online Shopping Delivers greater Retailer Risk
Hackers Publish Turnbull’s Credit Card Details
Zappos Says Customer Database Hacked
Just how serious was the Zappos Breach?
2012 will be even greater for Cyber Risks
