Technology & Telecommunications – Cyber Insurance

Unless you currently purchase Cyber Insurance you are exposed to an ever-increasing risk that could potentially cost your company and your clients’ companies thousands of euros in investigation costs, notification costs, fines, not to mention your reputation!

Cyber-crime is the world’s fastest growing criminal activity, estimated to cost businesses in Ireland more than €200 million annually. Any business with a network and access to the Internet is a target for Cyber criminals.

At Pembroke Insurances, we offer advice and cover about cyber protection. We provide first and third-party cyber coverage to address a broad range of exposures including security breaches, mistakes and unauthorised employee acts, virus attacks, hacking, identity theft or private information loss and infringing or disparaging content.

The simple fact of the matter is that virus checkers, security passwords etc. will not deter the professional hacker. Almost daily we read about companies that have been hacked, some of the major multinationals. The result is embarrassment and loss of reputation which can’t be avoided, but at least if there is proper telecoms insurance in place, the further threat to the continuing existence of the business is eliminated.

At Pembroke, we can arrange tech insurance in the Technology and Telecommunications sectors, from Start-ups to PLC’s. Our experienced team have years of experience in this niche area so understand the risks involved in a way that other general insurance brokers won’t.