Cyber attacks (such as data breaches and hacks) can result in devastating damage, such as business disruptions, revenue loss, legal fees, reputation damage, and more:
Business Interruption – from operational system failure, loss of service, DoS (Denial of Service) Attacks & computer viruses to your main operating software or company website.
Financial – Cybercrime continues to escalate ranking as this year’s second most reported economic crime. Phishing emails and Email systems hacks can result in theft and fraud.
Theft of client data – the ever growing dependence of working online and storing electronic data such as passports and payment details puts the Moving & Storage industry at risk of loss of confidential information and data.
Legal & Regulatory impacts – failure to protect personally identifiable information and data can put businesses can lead to sanctions and fines.
Reputation damage – Failure to protect your client’s data or defamation on your website or social media profiles can cause public relations nightmare and damage your business reputation; leading to lost contracts and business.
Whether your concerns are more about the physical movement of goods rather than cybercrime or that you’re too small to attract the attention of hackers, it is important to remember that no organisation is immune to the impact of cyber crime.
Our Cyber Risk Exposure Scorecard checklist can help you to determine your organisation’s level of cyber risk.
Cyber Liability Insurance addresses the first and third-party risks associated with e-business, the Internet, networks and informational assets.
As a specialist broker working only in international moving and storage Reason Global work with insurers who are leading the way on cyber protection for business. Our Cyber Liability Insurance coverage offers cutting edge protection for exposures arising out of online breaches and cyber crime.
Does Cyber really pose a threat to the Moving & Storage Industry? What are the consequences of a Cyber incident? What is the Insurance industry doing to help reduce exposure? For more insights on Cyber Risk in the Moving and Storage Industries and real-world case studies download our presentation.
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