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Five Key Tips on Keeping Organisations Cyber Safe

On the 19th of June 2020, the Prime Minister of Australia, Scott Morrison informed the Australian public, that Australian organisations, both in the public and private sector have been subject to sustained cyber-attacks by a sophisticated state based actor. Along with this, the Australian Cyber Security Centre (‘ACSC’) has warned organisations to both be aware of this threat and to take steps to enhance the resilience of their networks.

At Country Wide Insurance Brokers through our specialist cyber risk partner Austbrokers Cyber Pro Pty Ltd (‘ACP’), we have most definitely seen an increase in cyber incidents for organisations across our SME cyber facility, but also through our corporate cyber placements. As we have highlighted previously, Business Email Compromise (‘BEC’) and Ransomware attacks on organisations are accounting for the vast majority of cyber related claims in the Australian market at this point in time.

We believe our role as brokers extends to working with clients and providing them with risk management advice, and therefore we feel it is important to advise clients on how they can manage their cyber exposures in conjunction with protecting their business with cyber insurance.

ACP have developed a document called Five Key Tips on Keeping Organisations Cyber Safe.

Please click here for the document.

These five basic security measures should be implemented by all organisations. No IT network is completely safe and therefore in conjunction with such security measures, all organisations should be implementing cyber insurance as part of their business insurance program, to ensure they are protected for the residual risk exposure that exist.

This material is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Accordingly, before acting on it, you should consider its appropriateness to your circumstances.

Source: ACP Austbrokers Cyber Pro

Download ACP___Five_Tips_on_Keeping_Organisations_Cyber_Safe.pdf