Cyber Insurance Brokers
Cybercrime is on the rise, how cyber secure are you? Our experts can equip you with protection for your business.
Cyber Insurance
Cybercrime is on the rise, how cyber secure are you? Our experts can equip you with protection for your business.
What is Cybercrime ?
Some of the most common types of Cybercrime are:
- Phishing attacks
- Identity theft
- Ransomware on malware
Cyber scam - have you been hacked?
It takes a hacker 4 minutes to access a network through an email attack, business email compromise (BEC). On average it takes 286 days before its detected and 80 days for damage control.
In those 286 days what have the hackers seen, stolen or controlled? What potential liability will you incur? Will your business reputation be tarnished or worst still, fatally damaged?
It is estimated that one in three Australian adults have been affected by cybercrime.
In those 286 days what have the hackers seen, stolen or controlled? What potential liability will you incur? Will your business reputation be tarnished or worst still, fatally damaged?
It is estimated that one in three Australian adults have been affected by cybercrime.
Business email compromise (BEC) is a form of targeted phishing, or spear phishing. Criminals target organisations and employees to scam them out of money or goods or trick them into revealing important business information. BEC continues to present a major threat to Australian businesses, especially as more Australians work remotely. Anyone can fall victim to email compromise. If someone gains access to your account, they can access to sensitive information.
How Cyber secure are you?
Prevention is your best strategy and the most effective way to protect your business and your clients.
Unfortunately no measures are 100% foolproof, what if they fail?
Cowden Insurance Brokers can arrange Cyber Insurance that provides cover for your business (first party cover) and losses to others (third party cover):
Unfortunately no measures are 100% foolproof, what if they fail?
Cowden Insurance Brokers can arrange Cyber Insurance that provides cover for your business (first party cover) and losses to others (third party cover):
Business interruption loss due to a network security failure or attack, human errors, or programming errors
Incident response and investigation costs, supported by a 24/7 incident reporting hotline and on-demand vendors
Data loss and restoration including decontamination and recovery
Delay, disruption and acceleration costs from a business interruption event
Crisis communications and reputational mitigation expenses
Liability arising from failure to maintain confidentiality of data
Liability arising from unauthorised use of your network
Network or data extortion / blackmail (where insurable)
Online media liability
Regulatory investigations expenses
Your Cyber security checklist
Cybercrime (key resources)
Scamwatch – stay up to date on current scams
Home | Scamwatch
What’s the latest – Cyber security alerts and advice
Alerts and Advisories | Cyber.gov.au
ACSC – Australian Cyber Security Centre
Home | Cyber.gov.au
Why do I need
Cyber Insurance?
A cyber security incident can have devastating impacts on a business:
Malware - unauthorised software designed to cause harm.
Ransomware - A type of malware that locks down your computer or files until a ransom is paid.
We can assist you with comprehensive Cyber Insurance - protection for your business against cyber security threats.
Malware - unauthorised software designed to cause harm.
Ransomware - A type of malware that locks down your computer or files until a ransom is paid.
We can assist you with comprehensive Cyber Insurance - protection for your business against cyber security threats.
Cowden Insurance Brokers
Trusted by Thousands
Our ability to consistently find the correct solution based on our clients needs has built the trust and loyalty that thousands of Australians have in us.
50 Years of Experience
Cowden Limited was founded in 1972 and through growth and acquisition has become a major force in the Australian insurance market.
Strong Referral Record
95% of new business is by-way-of referrals from our satisfied clients.
Safeguard your Business
We use cutting-edge technology to give you the most cost effective insurance solution.
We are Licensed Insurance Advisors
Along with our 50 years of experience, we hold an Australian Financial Services Licence.
Providing you with peace of mind that we have proven and authoritative service.
TESTIMONIALS
Hear What Our Clients Have to Say
Frequently Asked Questions
I am a small business, do I really need Cyber Insurance?
Yes, definitely. In FY22, the Australian Cyber Security Centre (ACSC) reported that, on average, a single cyber event costs a small business over $39,000.
Are all Cyber Insurance policies the same?
No, not all policies are equal, they may include undesirable exclusions. We can offer you a broad policy to protect you and your business and assist you in your time of need.
Can I buy Cyber Insurance for my family?
Yes, you certainly can; we have access to personal Cyber Insurance for individuals and families that provides cover for identity theft and many other exposures.
Does Cyber Insurance only cover my computer hardware?
No, it covers so much more. It can also cover the liability you may incur from losing your clients data, manage your public relations if your event becomes public and even your lost income for your business (if you elect to buy this cover).
What would I do if I had a Cyber incident, I’m no IT expert?
Good news, most cyber policies have a panel of experts you can access via a 24/7 emergency number. They include IT firms, PR specialists, forensic accountants, and lawyers. These specialists will help you as soon as you pick up the phone.
How do I lodge a Cyber Insurance claim?
As time is of the essence, immediately ring the hotline and get the professionals involved straight away. Then at your first opportunity ring us. We will be there every step of the way and will help with the lodgement of your claim and ensure it all runs smoothly.