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Data protection and network security has become a leading issue for most businesses owing to the increase in computer devices or applications being used to perform business functions and the large volume of data that now flows through all levels of an organisation.
Managing the risks of human error, criminal activity or vandalism/nuisance within a business is a relentless task and further complicated by the increasing trend to outsource business functions to third parties such as payroll processors, data back-up and cloud related services.
This leads to an increased possibility of legal exposure, reputational harm and business interruption that can wreak havoc on a company’s bottom line.
Traditional insurance programmes, covering liabilities, property and crime, fail to provide adequate protection for non physical damage and computer network risks, therefore exposing cyber and data coverage gaps.
Costs to deal with a cyber-incident could include:
Why Choose Aon?
Aon New Zealand has a dedicated team that specialise in this fast emerging and unique risk area. Forming part of Aon’s global cyber practice we are in a position to share with you experiences from our clients and insurers around the world. This will assist you when arranging cover, benchmarking premiums and responding to cyber incidents.