Every UK business uses a computer or system to help run their business. Whether you’re using a virtual accounting system like Quickbooks or Xero, have an online ordering system (essential given the current crisis) or just put out some social media marketing and advertising. With the extreme importance of following GDPR rules it’s vital that you protect yourself from any issues that may occur.
This is where Cyber Liability Insurance, like that provided by JMP comes in. There are stiff and heavy penalties for not keeping customer details and records safe when you hold them. Also there are dedicated nefarious individuals who are on the constant lookout for an opportunity to steal them, from you personally and your business. It’s even more important if you deal in data and the keeping of records as well.
It’s an unsurprising statistic to read that online fraud has increased in the UK by a third since the coming of COVID. As more and more of us bank transactions and order from retail outlets it’s quite mind boggling the lengths that the criminal gangs will go to get it. It takes surprisingly little to set up bank accounts for things like money laundering. If enough information is taken, even mortgages or further borrowing on a property can be achieved. Don’t let your company be the cause of all the trouble, and if it is make sure you have the insurance to back that up.