
Having adequate cyber insurance has never been more important.
Cyber-crime has been increasing and the 2020 pandemic led to a huge increase in the number of cyber-attacks on Irish businesses. You are more than likely to rely on information technology (IT) to some degree in your business. If so, you will be exposed to the risks of business interruption, income loss, damage management and repair, and possibly reputational damage if IT equipment or systems fail or are interrupted following a cyber-attack. Add to this the issue of cyber-crime such as “phishing” or ransomware which are increasingly a day in, day out problem. Having expert advice around the management of an incident itself is absolutely critical when faced with reputational damage or regulatory enforcement.

