Last week's news that at least 500 million Yahoo accounts have been breached once more highlights the growing issue of cyber crime and fraud.
Under current UK legislation, only companies in the Financial Services or Telecoms sectors are obliged by law to declare if their customer data has been stolen or compromised in any way. As a result, the full extent of the problem is difficult to gauge.
At a seminar in Manchester on September 22nd, hosted by Bridge Insurance Brokers Ltd and CLB Coopers, delegates from a wide range of businesses were able to find out more about the subject from a panel of experts.
On the agenda was the new legislation coming into force in May 2018 – the European Data Protection Regulation- which will not only make it mandatory for breaches across all industry sectors to be made public but will also introduce significant fining guidelines.
Training tools, risk management advice and specialist insurance are all available to help protect a business from cyber attack - for more information please contact Carl Hornby at Bridge Insurance Brokers Ltd.