Are Your Management Fees Secure in the Event of a Cyber Attack?
Cyber insurance should no longer be seen as optional but an essential part of a fund manager’s risk management strategy.
Most traditional insurance policies are insufficient to effectively respond to cyber threats, which is why Sydney Charles offers specialist cover that includes loss of management fees.
While appropriate protection will not stop a cyber-attack, it may prove to be the decisive factor in ensuring a swift recovery and a limited impact on sales, revenue, customer trust and reputation.
Why Cyber Coverage is Needed?
Businesses around the world continue to take stock in the wake of the WannaCry ransomware attacks, which hit more than 200,000 computers in 150 countries.
As a specialist insurance broker, Sydney Charles can consult with fund managers to perform a cyber risk assessment and gap analysis to identify these cyber risks and exposures, and we can ensure appropriate cover and protection.