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.
The risks that people face from technology mean that there is a need to raise awareness of the importance of damage to a business from cyber crime, cloud computing, inadvertent loss of sensitive data, business system damage and interruption arising from the use of email, the internet and social media. These are just a few of the risks faced by companies today.
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.