Cyber Insurance For Your Charity
Protect your charity, voluntary organisation or community group from potentially costly and disruptive cyber-attacks.
Protect your charity, voluntary organisation or community group from potentially costly and disruptive cyber-attacks.
With many charities and not for profits relying more and more on technology and data to operate effectively, there is a growing need for cyber insurance to protect against a new and unique set of risks.
These risks can include both external and internal threats – whether it is a member of staff making a mistake, your systems being hit with a virus or a hacker attacking your network and stealing sensitive data, charities and voluntary organisations are not immune to disruptive and potentially damaging cyber threats.
In 2019 alone, 22% of charities reported either a cyber security breach or attack, with the average annual cost to charities after a breach coming in at £9,470 – (Cyber Security Breaches Survey 2019 – Department for Digital, Culture, Media and Sport).
Cyber insurance can help alleviate these risks, giving your charity or organisation financial protection should you be the victim of an attack.
The cyber insurance cover can include:
BHIB Charities Insurance policies can include:
Additional cover includes:
According to the data from the Department for Digital, Culture, Media and Sport, the most common types of cyber-attack that affected the 22% of charities that suffered a breach last year were:
As well as these, cyber-attacks and data breaches can occur in a variety of ways:
The level of cover your charity or organisation requires will depend on a variety of factors, such as how disruptive a cyber-attack would be and how much it would cost for you to get back to ‘business as usual’.
Here at BHIB Charities Insurance are experts are on hand to work with you to design a policy that is suited to your organisations individual needs and requirements.
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