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  • Home
  • About
  • Products & Services
    • Commercial Insurance
      • Aviation Insurance
      • Business Insurance
      • Business Interruption Insurance
      • Contract Works Insurance
      • Corporate Travel Insurance
      • Cyber Protection Insurance
      • Event Insurance
      • Farm Insurance
      • Marine Transit Insurance
      • Motor Insurance
      • Strata Insurance
      • Workers Compensation Insurance
    • Professional Risks
      • Management Liability Insurance
      • Professional Indemnity Insurance
      • Public and Product Liability Insurance
    • Personal and Domestic
      • Home and Contents Insurance
      • Landlord Insurance
      • Cyber Insurance for Families
  • Resources
    • Home and Contents Quote
    • Motor Quote Request
    • Landlord Insurance Quote Request
    • Notify a Claim
    • Residential Insurance Calculators
    • Financial Services Guide
    • Privacy Policy
    • Underinsurance
  • News
  • Contact

Cyber Protection Insurance

What is Cyber Protection Insurance?

Cyber Protection Insurance is a relatively new form of cover. It's designed to help protect your business from the financial impact of computer hacking or a data breach.

If you see it, report it!

In February 2017 the Senate passed the Privacy Amendment (Notifiable Data Breaches) Bill 2016 -setting up a mandatory nationwide data breach notification scheme. This means if you spot a security breach which may cause unauthorised access or disclosure of personal information, you're legally required to report it to the Office of the Australian Commissioner within 30 days. You'll also need to notify the people whose information has been affected.

Why do I need it?

If your business has a website or electronic records, you're vulnerable to cyber hackers. In fact, it's likely that your business will suffer a cyber attack at some stage.

A cyber attack could cost your business more than money. It could also threaten your intellectual property and put customers' personal information at risk - which could damage your reputation.

Prime Minister Malcolm Turnbull, Australia’s Cyber Security Strategy Report, 2016

The scale and reach of malicious cyber activity affecting Australian public and private sector organisations and individuals is unprecedented. The rate of compromise is increasing and the methods used by malicious actors are rapidly evolving.

Did you know?

5th

Australia is the 5th most targeted country for cyber attacks globally (Symantec Internet Security Threat Report, April 2016)

40%

More than 20% of Australian businesses have experienced cybercrime, with 40% directed at SMEs (CERT Australia, 2012)

75%

75% of cyber attacks come from human error (IT Policy Compliance Group, 2007)

$276,232

The average cost of a cyber incident in Australia is $276,232 (Australian Government, 2015)

Looking for Commercial & Domestic Insurance

Beyond Insurance can help you better identify the risks to your business and provide the most appropriate insurance cover.

Get in touch with us!

Contact us

info@beyondinsurance.com.au

03 9958 3870

Level 1, 683 Burke Road, Camberwell, VIC 3124

PO Box 310, Camberwell VIC 3124

Beyond Insurance Group

ABN 19 167 227 170

CAR No. 001279205

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Beyond Insurance Group Pty Ltd is a Corporate Authorised Representative (CAR No. 001247437) of McLardy McShane Partners Pty Ltd AFSL No. 232987, ABN 14 064 465 309.

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