Cyber Insurance

In today’s digitally interconnected world, businesses face unprecedented challenges in safeguarding their sensitive information from cyber threats. Our team have a vast amount of experience in providing advice on and procuring cyber liability insurance for our clients. We have developed a deep understanding of the cyber risks that businesses are facing and are well placed to support and protect your business.

Cyber losses can affect your business in a number of different ways, and you want certainty that you have a defence against the evolving landscape of cyber threats. As we are all aware, companies transact digitally more and more with their customers and suppliers, meaning that the cyber exposure is growing more and more as we rely on the systems that we have in place to conduct business.

According to a recent survey published by Hiscox in October 2023, 71% of Irish companies suffered a cyber-attack in the past 12 months, as attacks rise for the third consecutive year. The year-on-year figures would suggest that it is a matter of ‘when’ rather than ‘if’ a cyber event occurs to a business.

Typical covers under a standalone Cyber Insurance policy:

• Data Breaches
• Business and Network Interruption
• Intellectual Property Rights
• Damage to Third-Party Systems
• System Failure
• Cyber Extortion