In-depth - cyber: Tipping point for cyber
As businesses realise the importance of cyber insurance and more products become available, it is an ideal time for brokers to start offering the cover, explains Rachel Gordon
There is no rose without a thorn and this certainly applies to broker Caunce O’Hara, which was subject to a recent cyber attack.
Staff returned to work at the start of 2017 and were greeted with a ransomware message, telling them their system had been hacked and files encrypted, along with a demand for bitcoins.
Managing director Stephen Darcy explains that while no client records were accessed and data was backed up, there was plenty of disruption and it shows any business can be a ransomware
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