As consumers and businesses embrace technology they are revolutionising the way they communicate. They are becoming more reliant on computers and social media and the insurance industry is using more data sources. We need to ensure that data protection and ownership are given greater consideration.
SMEs might believe that because they are small, they will not be a target for hackers, however that may make them even more of a target.
They often have less cyber security in place than large organisations making them easier to attack. SMEs are also often part
of a supply chain with larger firms and so present a back-door into bigger organisations with more sophisticated cyber security in place.
BIBA is an active member of the Cabinet Office’s Cyber Insurance Industry Forum. More businesses than ever before are being attacked, hacked or having sensitive data lost or stolen.
The Government’s Cyber Essentials scheme aims to provide a platform of cyber-hygiene that firms can build upon, reducing their risk of attack.
The Cyber Security Information Sharing Partnership (CiSP) will help alert businesses to the latest threats and confidentially share information relating to attacks.