When should companies get cyber insurance?

You don’t need to be told that cybersecurity is still top of mind for most businesses right now. Over recent years some of the world’s largest companies such as British Airways and Marriott have been hit with cyber breaches.

Just last month, Norwegian aluminium producer, Norsk Hydro, had 22,000 computers taken offline after a cyber breach. Getting operations back online cost Norsk Hydro $45m.
Fines for businesses suffering data breaches are growing significantly which puts small businesses at threat of heavy losses.
Unfortunately, traditional cybersecurity measures are not always fit for purpose against modern cyber criminals who more and more are breaching systems of businesses all over the world.
Ascend can help. Contact us on 01245 449060 and we can find you the best solution for your cyber insurance to avoid you suffering losses like Norsk Hydro.


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