OVERVIEW
Cyber risk is now part of ordinary commercial risk
Cyber Insurance can respond to events such as cyber attacks, ransomware, data breaches, privacy events, business interruption, incident response costs, cyber extortion and third-party liability, depending on the policy wording.
The product is relevant far beyond technology companies. Retailers, professional firms, manufacturers, healthcare businesses, hospitality operators and any organisation that relies on systems or holds customer data can have meaningful cyber exposure.
WHAT INSURERS LOOK AT
Controls matter
Expect questions about turnover, the type and volume of records held, payment systems, remote access, multi-factor authentication, backups, patching, endpoint security, prior incidents, outsourced IT and the business’s dependence on key systems.
Australian privacy and regulatory references should be considered separately from UK wording. DIBNI uses the Australian context rather than importing UK assumptions.
Understand more. Or begin.
Read the Australian Cyber Insurance guide, or start your proposal and tell us how the business uses technology.
Australian insurance context
For Australian organisations, Cyber Insurance should be considered against the actual activities, location, scale, contracts, assets and risk controls of the business. Insurance requirements and insurer appetite can vary by state or territory and by the way the risk is presented.
Explore the related industry · Explore insurance solutions · View insurance guides · Begin your proposal