Insurers move to include cyber in high net worth products
January 24, 2020
Posted by: Matthew Collins
High net worth insurance packages are increasingly offering cyber insurance as an additional cover, as it becomes clear that wealthy individuals are frequent targets for cyber criminals. Yet many fail to see such attacks as a threat, despite the fact they can result in blackmail and extortion.
More than one-quarter of international HNW families and firms managing their assets have suffered cyber-attack breaches, with more than three-quarters of those falling prey to a phishing or spear phishing attack. Over 40% lack the proper and adequate cyber cover should something happen to them.
Unfortunately cyber breaches do happen and it can happen to anyone. You will need appropriate cover should something happen. Speak to Ascend on 01245 449060 to find out how we can help.