World Backup Day helps to raise awareness of the need for data protection in a world increasingly dependent on technology for all aspects of our lives. Data backup is a traditional process of making copies of all data in order to store the essential confidential data and folders, separately from the source and off-site. For utmost data protection three or more copies are advised. With cloud backup one has to be careful that corrupted data is not then backed up hence destroying your backup copy too!
The Financial Conduct Authority received 116 reports of cyber security incidents in 2021, a 52% increase from 2020. Of the incidents reported, 65% were due to cyber-attacks. Approximately a third contained notifications where there was a compromise or breach of confidentiality relating to company or personal data. One in five incidents involved ransomware. Ransomware attacks have affected public organisations as well as private. Schools and the NHS have fallen foul of attacks which have caused widespread disruption. Extortion from criminals who have gained access to systems is a serious threat being the modern equivalent of holding up a bank with guns but managed entirely from a remote office.
Cyber insurance protects businesses from the losses they face in the event of a security breach. Insurance designed to protect your assets e.g. repair or replace in the event of damage. Talk to our friendly insurance team who will guide you towards the right cyber insurance policy for your business.