Tristan Insures

I often talk to business leaders who tell me that their company doesnt need Cyber Liability cover, that their IT systems are up to scratch and they can't find the financial loss when we pitch the need for Data breach cover.   I could type up my spiel, I could write reems upon reems on how vulnerable all businesses are, alas I'm simply going to list some very interesting facts: £35,000 - £65,000 is the average cost of a Cyber/Data Loss Most policies cover claims being made for data lost offline, including documents left on trains or in taxi's Databreaches have increased by over 150% in the last 4 years. There are over 7,000 DDoS attacks recorded daily The average time to recover from a DDoS attach is 12 hours at the cost of £12,000 Businesses can suffer a breach even if it is'nt a crime - 25% of breaches caused by personnel negligence. 70% of all companies tageted are small businesses Fines for a data breach of 4% annual turnover (not profi...

Did you know that 58,000 of 320,000 UK businesses are classed as Tech Businesses*? There are more than 1,500,000 "digital tech" jobs in the UK. The sector is said to be growing faster in terms of turnover and productivity than the wider economy. It's fascinating to see Birmingham sitting in 5th place behind the likes of Reading, Bristol and Bath, however I believe this is a bit of a misnomer as the scoring doesnt take into account Malven, Worcester and Leicester being satelites of Birmingham itself. If we include them in Birmingham's statistics it brings the number of tech jobs up to 43,000 just behind Manchester in 3rd. It's also interesting to see how Birmingham has achieved its position without the help of a large multinational in its midst, unlike Bristol, Bath, Reading etc who feature the likes of Amazon, Google and HP. Anyway, the full list, provided by the BBC is listed below: London Digital tech jobs: 328,000 Tech jobs per 10...