Digital Considerations

Don’t get lost in Cyber space…

Hacker Graphic

More and more businesses are getting in contact regarding Cyber liability insurance, there is a great deal of interest about this particular risk, however there is also a great deal of misconception regarding the cover available.

Senior managers in three-quarters (73%) of micro/small businesses say that cyber security is a high priority, with over two-fifths (45%) of all micro/small businesses having identified a cyber security breach or attack in the last year. Of the micro/small businesses that consider it a low priority, over a third (35%) have nonetheless identified a breach.

“over two-fifths (45%) of all micro/small businesses having identified a cyber security breach or attack in the last year. “


As an independent broker we are best placed to advise on a number of different policy types and cover limits available to the business community, however the biggest problem to-date is that most businesses will assume that they already have cover in force, when in fact they don’t.


Cyber liability will be a general exclusion for most, if not all business insurance policies and with the advent of the new “General Data Protection Regulations” (GDPR), I would advise any business, large or small to review their insurance arrangements.

Currently there is very little penetration within the SME market place for Cyber liability insurance, however it is exactly those businesses that are at greater risk.

Cyber liability insurance can protect you and your business including employees (1st party) and your supplier and customer chain(3rd party) in the event that you experience a data breach and it is not only restricted to malicious events, accidental data loss can also be included.


Whilst there are restrictions and limitations for social engineering or invoice fraud, this would be considered financial crime, the Cyber liability cover is there to protect your reputation and any costs associated with getting your business back to normal following a “breach” including consequential loss.

Think of it as an “emergency red button response”, so that whilst someone else will contain the breach and manage the fall-out, you continue to run your business with limited impact.

Guest blog article from Ashbourne Insurance Services Limited
https://www.ashbourneinsurance.co.uk/
Leone.richardson@ashbourneinsurance.co.uk



Toucan Internet have been assisting clients in Cyberspace since 1997 and continue to advise, support and inform on online matters in the bigger field of digital awareness and empowerment.

simon@toucanweb.co.uk
01279 871 694
www.toucanweb.co.uk




Is our relentless need to upgrade hastening the exhaustion of Earth’s resources?

Broken tech

Am I alone in thinking that the upgrade treadmill we find ourselves on with cutting edge tech devices is somewhat irksome? Sure, we all love the latest gadget or upgrade that is so seductively packaged with new features such that your life just won’t be complete without it. Then before you realise, you to have bitten the bullet and bought into yet another next upgrade step.

Additionally, with the trend for manufacturers to seal products there’s little opportunity for us to gain access for repair. Even with the most nimblest of hands, even changing a smartphone battery becomes an impractical feat for most of us. This puts the control firmly in the hands of the manufacturers who are continuously innovating the next must have device.

If lifecycles for devices could be increased by the ability to repair them and the lengthening of the upgrade cycle, then in the instance of smartphones if these had a life of 4 years, the impact of resourcing, mining and production would be halved; that’s one sizeable global environmental impact.

Countering the trend of irreparable smart phones is Fairphone (https://www.fairphone.com/en/), built with ethically sourced materials, available with open source repair manuals and even repairable with 3D printable components. Maybe the planet and us consumers would both be better off if other leading smartphone manufacturers took the bold step and adopted this more people and earth friendly business model?

Article inspired by PC Pro’s Dan Stevenson ‘fixing the unfixable’.


About the Author

Simon Thomas is a founding partner of Toucan Internet LLP, making a difference for clients looking for greater and unexpected outcomes from their digital engagement. Simon also has 20 years direct marketing experience pre-internet and provides a unique blend of innovative advice based on experience and an informed understanding of today’s and tomorrow’s technologies.

simon@toucanweb.co.uk
01279 871 694
www.toucanweb.co.uk