How prepared are you for a cyber attack? "Cyber threats are very real and cyber crime is increasing, and will continue to do so as hackers continue to evolve," says Ryan Clark, National Manager Liability, NZI. "SMEs often don't have immediate access to the expertise required to deal with a cyber attack, which can add to the length and impact of the issue by trying to resolve it themselves," says Clark. Adding that many businesses don't recover, "A statistic that came out of the US stated that 60 per cent of SME's in the US go under within 12 months of experiencing a cyber attack." Know the value of your data and back it up, have an incident response plan mapping your cyber risks, and, of course, have cyber insurance.

Source: Stuff September 24, 2017 15:56 UTC