IBM reported, ‘The average cost of a data breach in Australia is AU$4.03 million.’ However, the impact of a breach is not just financial; it also significantly affects your business’s reputation. Even some of the world’s largest and technologically sophisticated companies and governments have suffered attacks, such as eBay, Facebook, LinkedIn, and Yahoo. In September 2023 alone, there were 3.8 billion breached records, with the UK Electoral Commission accounting for 40 million breached records.

It’s fair to say that it’s not a matter of if, but a matter of when your business will be affected by a cyber-attack. You may already be potentially affected, but you just don’t know it. As cybercriminals become more sophisticated, companies are finding it increasingly difficult to manage this potential risk, not only to their systems but also to their businesses.

Our Business Leaders ‘Cyber Security Self-Assessment Checklist’ will help you ask the right questions and understand your business’s cyber landscape and potential vulnerabilities. Then allowing you, as the Business Leader, to ask if your Cyber Risk insurance covers all exposures to your business.

Reach out if you want greater confidence that you have protected your business and the ongoing livelihood of both yourself and your employees. After all, no one has $4 million to spare for a cyber breach!

*Source : IBM Cost of a Data Breach Report, 2023

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Smart Decisions Faster.

At 4Sight Risk Partners, we protect what matters most, enabling you to move forward with confidence. Our team specialises in managing business risks and delivering world-class insurance solutions.

With over 75 years of global expertise, our proprietary IQ-ARTA Framework helps clients make informed decisions based on qualified risk profiles and quantified risks. By leveraging a global network of subject matter experts and leading insurers like Lloyd’s of London, we provide tailored solutions to address complex challenges across industries.

As specialists in Renewable Energy, we guide clients through all seven project stages and transition risks—helping to power and protect the future. Additionally, through Insurance Advisernet’s award-winning network, we offer trusted advice and advocacy, with a remarkable 98% client retention rate.

Explore more at 4sightrisk.com.au or reach out to discuss how we can help you make smart decisions faster.

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For more information please visit: 4sightrisk.com.au

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