15/05/2023
Cyber Security - We're Looking out for You!
As a valued client of Northern Insurance Solutions (NIS) we wanted to write and inform you of the increasing importance of having Cyber Insurance as part of your overall insurance portfolio.
At Northern Insurance Solutions we have seen an increase in cyber claims in the past few months, highlighting the growing need for this coverage.
In today's digital age, the risk of cyber attacks and data breaches is greater than ever before, and the consequences of such an event can be devastating for both individuals and businesses.
Without Cyber Insurance, you may be left to bear the full financial burden of a cyber attack, which can include the cost of restoring lost data, notifying affected customers, and even defending against legal action. Furthermore, the cost of a data breach can be significant and can cause a huge financial or reputational loss to a business.
Across the broker network, we've heard about numerous cyber incidents that have occurred where a client is misled into paying a premium invoice that did not come from his insurance broker.
The fraudster emails the client stating that the broker has changed their bank account, and to make payment to this new bank account which causes the client to lose thousands of dollars.
It is important to note that our brokerage (NIS) would never change our bank account without directly informing you, the client, through multiple forms of communication. As a precaution, always verify requests for changes in payment information with Northern Insurance Solutions on (07) 4783 1310.
Read the full cyber insurance statement and the steps we've taken to ensure that our own company is more resilient to cyber crime and to also protect our customer's information.
https://northerninsurance.com.au/cyber-security-awareness/
Kelli Dabelstein
Northern Insurance Solutions
Locals Covering (Caring for) Locals
