Safeonline

As we continue to utilise technology to make every day processes more efficient and effective, the amount of data and records we create are growing at an unprecedented, exponential rate. According to some industry sources, the amount of data we have created since the beginning of time will increase by 50 times by 2020. As the digital world touches on more and more areas of our lives, we pay the price by being exposed to a greater variety and frequency of cyber risks and incidents. Cyber risks continue to evolve at a pace that far exceeds international cyber risk prevention strategies and legislation.

Despite the common misconception, cyber insurance is not solely for ‘tech’ or ‘internet’ intensive companies. In fact, most companies would benefit from a cyber insurance policy, including any that: rely on a system or network for their business to operate or to derive income; who have a presence online; who deals with highly confidential intellectual property; or stores, transfers or processes sensitive data. Safeonline’s clients range from retailers, financial institutions and education entities, to not-for-profits, manufacturers and lawyers.