You’ve probably heard about the increasing number of cyber attacks on businesses and individuals and thought ‘do I really need cyber insurance?’

Well, Norton’s SMB Cyber Security Survey shows that cyber attacks are costing small businesses in Australia an average of $6,600 per attack. One in five small businesses were attacked with only 14% of small businesses covered by a cyber insurance policy (down to 3% for micro-SME).

The research also found that the biggest impact of cyber attacks on small businesses was downtime (40%), followed by the expense of re-doing lost work (26%) and inconvenience (24%).

Check out our latest blog post on cyber trends, or give us a call on (08) 9842 3302 to discuss your business insurance needs specific to your situation.

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