Cyber Crime is one of the fastest growing crimes in the world and in the top three when it comes to economic crime in Australia1 (1 Price Waterhouse). With the ever increasing usage of the internet, email and data storage in the workplace, businesses are left vulnerable and exposed. It is therefore no wonder new tougher reforms are being created in Australia over the next couple of years to further protect the privacy and security of individuals and businesses, and, to impose harsher penalties and sentences to perpetrators.
Melbourne Insurance Brokers are evaluating bundled risk management insurance solutions for their clients, including coverage for damages caused by cyber-crime to individual and businesses’ reputations, operations and finances. Contact Melbourne Insurance Brokers for further details.