Cyber insurance is becoming standard for small to medium enterprises in Australia. It’s an added layer of financial protection in the event of hacking, data theft or ransomware.
The more secure your IT is, the cheaper your cyber insurance is.
It’s not a hall pass to get lax about IT security. In fact it’s a requirement. Better IT security reduces the cost of both cyber security and also recovery in the face of a cyber disaster. It also protects your company’s reputation – which can get damaged very quickly if you need to notify all clients of a data breach.