Austral Risk Services are risk advisors and insurance brokers for small, medium and large business. Based in Western Australia, we provide comprehensive risk management services and leading insurance solutions to protect your business, company or organisation.
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Business > Business Insurance > Financial Risks > Cyber Risk
Cyber attacks are now a real threat to business. According to insurer figures, more than 20% of Australian businesses have experienced cyber crime and 40% of attacks have been directed at SMEs.
Cyber security commentators see the proliferation of technology, the easy access to technology, social media and the speed of communications giving increased power to those groups that historically had smaller voices.
As high-profile data breaches are announced one after another, consumers may have stopped believing companies take protecting their information seriously. It’s time for companies, especially SME’s, to start looking ahead at the next generation of threats and to step up their game to better protect consumer data.
The number and sophistication of cyber threats will continue to increase exponentially. You need to ensure your business is prepared by minimising the risk and ensuring you have the right insurance in place to protect you if a breach occurs.
Austral’s Cyber Liability & Privacy Protection Insurance covers the following:
Size of Business (in terms of employees)
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