IPW Autumn Journal 2026 (8) - Flipbook - Page 18
Cyber Insurance is becoming a must for business
owners as cyber attacks increase
On average, the total cost of the most disruptive breach in
the last 12 months cost:
Medium & Large Businesses
£12,560
Charities
£21, 540
Micro / Small Businesses
£7,760
Cyber attacks are occurring more often, businesses of all sizes are becoming
victims.
Cyber Security Breaches Survey revealed that 43% of businesses and 30% of
charities experienced a cyber breach or attack in the past 12 months.
Those who have experienced a negative outcome from the breach encountered:
å
Temporary loss of access to files or networks
,
Loss of access to third party services
à
Website or online services taken down or made slower
Personal data altered, destroyed or stolen
What can be covered in a Cyber Insurance Policy?
Data Breach Response
Business Interruption
Cyber Risk Report
Professional support if your data is
compensation for loss of incomefollowing
insurers can provide guidance,levels of
exposed
a disruption in trading due to a cyber event
threat and security best practices
Contact BEAM for a quote today
