Why cyber insurance can’t protect you from all of the risks

Why cyber insurance can’t protect you from all of the risks is republished from Nimbus CS, Belfast

IT security is more important than ever, with figures suggesting a major increase in attacks on businesses. Two-thirds of businesses report falling victim to a cyber attack or security breach, and data loss prevention remains the number one priority among business leaders. Your business may already have experienced hacking attempts, malicious server overloads or problems with viruses. These incidents can cause massive financial losses to your business, halting everything from sales to productivity. Cyber security also has a major impact on brand perception. The majority of consumers state they will no longer use a company that has suffered a data loss incident, over fears of personal identity theft. Businesses are therefore looking to mitigate the effects of cyber risks, and cyber insurance is one product that has stepped up to fill the gap. Cyber insurance covers businesses against financial losses in the event of computer failure, cyber attack or network problems. However, a common mistake companies make is to take out this insurance, and fail to take further steps to improve IT security. Insurance is just one piece of the solution - you also need to look at monitoring and maintaining your networks. Financial losses might be easily covered, but regaining lost reputation and consumers' faith in your business can be much trickier. Insurance helps if the worst happens - but managed services make sure the worst never does happen. Managed services work alongside your insurance policy, ensuring that it is almost impossible you will experience data loss or downtime. Through ongoing network monitoring and problem solving, a hosted solutions provider such as Nimbus CS can detect attacks and breaches before they take hold, switching to backup systems and ensuring data and networks are always available and secure. Instead of waiting until the problem occurs before you take action, managed services are the proactive way to look after your IT systems. Keep all personal and corporate data secure, and prevent a breach of consumer trust - rely on the managed web solutions from Nimbus CS to keep you, your employees and your customers happy.     Feature image Security - Dictionary by aag_photos licensed under Creative commons 5