Ascend Broking Group Ltd

Cyber-crime the growing threat

Cyber incidents are affecting businesses just like yours everyday.

As we become increasingly reliant on technology, the potential impact of cyber-related incidents continues to grow. Yet the cyber insurance market is relatively new in comparison to other lines of cover.

So, what do we mean when we talk about cyber risk & what do you need to do to protect your business against this growing threat?

Claims can come in a myriad of ways: a privacy breach, a malicious online attack, a total system failure, financial crime, fraudulent money transfers and more.

Often, the most costly part of a cyber event is responding to the incident. For example, if an attack has managed to compromise a company’s computer network, then IT specialists need to be summoned to stop the attack, protect against further immediate threats and work out what has been stolen.

We have been working with Hiscox to provide our clients with the very best cover and crisis support that is available. We can provide you with a full quotation which will detail the cover provided along with many unique policy benefits.

If you would like to discuss any aspect further then please contact us.

Kind regards

Matthew Collins
Managing Director
Ascend Broking Group Ltd
Tel: 01245 449060
Email: [email protected]

“Cyber crime is the greatest threat to every company in the world.”

Ginni Rometty, IBM Chairman, President and CEO

What does cyber insurance protect?

67% of cyber incidents are due to employee error

Safeguard your business against cyber attacks today.

What does a policy cover?

Data Breaches
Legal Liability
Reputation Protection
Business Interruption
Extortion
Human Error
Financial Crime
System Error
Privacy Protection
Fraud
Forensic Assistance
24/7 Expert Helpline
Staff Training

Visit our Ascend Cyber Website

There are a few questions you should ask….

• What impact will this have on your business?

• What would happen if you have no access to your IT?

• What financial contingency do you have in place in the event of a cyber incident?

• Could your bottom line sustain such costs when the average costs are anything from £30k?

If you make decisions for your business ensure you have considered the correct protection for cyber risks

Your quotation is waiting for you

*Limits of indemnity can be increased for a small additional premium

**Financial crime is an optional extension - although we recommend you include this

+Full terms and conditions are available at a click of a button

Unique Benefits

Full GDPR coverage
CyberClear Academy+
Directors’ personal cover
Key person cover
Online cyber-financial impact calculator
24/7/365 hotline
Market-leading product

Useful Information

What if …..?

Your Network is breached?

If your business handles customer data or processes payment transactions, you’re at risk of a cyber attack. Expenses associated with a data breach can quickly add up for a small business . Whether you have 300 customer records or 3,000, your bottom line could be impacted by legal defense costs, settlements, lost business, notification costs, and more.

We provide access to 24/7 specialists that can help you through the breach, providing technical, forensic and legal assistance