Remember WannaCry in 2017? That was ransomware on a global scale; malicious software designed to block access to a computer system until a ransom is paid, usually in cryptocurrency. Extortion is one of the most common forms of cyber security breach.
Losing or destroying data can cause irreparable harm to your company. Restoring it is expensive – lawyers, IT forensics, public relations and credit monitoring may all be required to get your company back on its feet.
Do you know what sensitive information you hold, and where it’s stored? Even an unsuccessful attempt to steal it can result in costs and regulatory burdens to your company (think… GDPR).
Cyber events create business interruption. Whether it impacts your revenue stream, customer experience or profitability – it is important to know that cyber insurance can transfer this risk, and pay for your extra working costs too.
Your company needs to comply with data protection laws and regulations… here comes GDPR again. If there is even the suggestion that your company has failed to comply, you could be looking at an investigation and worse still, a fine. A really big one.
A large proportion of breaches occur due to human error of some kind. We are all fallible, mistakes will be made and they can have severe consequences for your company.
Companies are reliant on their computer networks and systems to operate. System errors can occur through no fault of your own, or through human error, causing system downtime and revenue loss.
Criminals use deception to manipulate your employees in the hope of gaining access to confidential or personal information and, more importantly, money. You’d be amazed how often this happens!
A cyber event can erode the trust and confidence your clients have for your company, leading to loss of income and customer attrition.
Making decisions? You need to know your exposure. It will take no more than 90 seconds to create your unique cyber profile as data is collected in real-time.Get a risk summary
Paralysed by ransomware, system failure or lost data? Don’t panic, we are here to help and have a 24/7 breach response support line ready to get your company back on its feet.
Born in 2010, our cyber team has been working on complex (and straightforward) placements for many years. Our claims handling team is in-house, and has managed more than 650 cyber notifications. We have the experience, leave it to us to guide you through the process of getting covered and rely on us when the unexpected happens.
Paragon has a great team. They innovate and find solutions in an ever changing environment.
Paragon’s cover gave our board the peace of mind to be able to focus on building our business.
Our experience with Paragon proved to be fantastic. Their service level was outstanding before and after commencement of the policy