CYBER RISK - A Key Cover for All Charities
Cyber risk is the threat charities face when using email, websites, cloud systems, online banking and digital records. Many incidents start with phishing, human error, weak passwords, or a compromised supplier. Charities and not-for-profit organisations are often targeted because criminals assume limited IT resource and busy teams.
A cyber incident can be disruptive and expensive. It can lead to loss of income, operational disruption, theft of funds, loss of sensitive data, regulatory scrutiny and reputational damage.
Cyber risk management and protection is now correctly viewed as a Board level issue. Many agreements with third-parties now request Cyber cover as part of a contract or funding agreement.
HWS can arrange specialist Cyber cover for charitable organisations through leading insurers, with access to experienced incident response support.
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