Retail
Whether you sell goods online or simply use technology to operate in-store, retailers rely heavily on their systems in order to trade. So, when a cyber event causes ongoing system downtime, it can have a detrimental impact on your bottom line. Cyber insurance can not only cover the financial loss caused by persistent system downtime but can also give you the resources to get back online fast, minimising the long-term financial and reputational impact.
Healthcare
For healthcare providers, particularly scary – workstations locked down, operations at a standstill, patient records unreachable, drug delivery hindered. Besides the financial implications, these events can have serious consequences on the treatment of patients, resulting in cancelled appointments, staff overtime, rerouted services, or worst of all, harm to patients.
Whether the result of a cyber attack or simply a system outage, cyber insurance can provide immediate access to a team of expert forensic and incident response specialists who will help you get to the bottom of the incident and back online as quickly as possible, protecting services to your patients.
Professional
Nowadays, hackers are increasingly targeting businesses with cyber attacks and social engineering scams to lock down their systems and hold your important assets for ransom. Whether it’s customer invoices, design files, project plans or your next big pitch, losing access to business-critical files and data can be disastrous to a professional service firm.
Cyber insurance can protect you against the financial loss associated with these kinds of events, paying for the recovery and even re-creation of important data and minimising any long-term impact to your business.
Manufacturing
Nearly every manufacturing vertical is adopting technologies to optimize production, enhance R&D and automate processes like resource planning, warehousing and supply chain management. But as more manufacturers move online, their business risks do too. Cyber criminals increasingly view manufacturers as high-value targets for financially-motivated cyber attacks like extortion and ransom demands, or to disrupt operations and steal trade secrets.
Construction
Construction companies rely heavily on their supply chain – any interruption to the supply of goods or services can significantly impact the delivery of a construction project, causing lengthy delays and rising costs. So when a cyber event affects the supply chain of a construction company, it’s often inevitable that projects are put on hold. Before long, the construction company in question could be faced with mounting bills through no fault of its own.