Cyber security threats to corporations and government organisations are becoming more sophisticated and are occurring faster than ever before.

Symantec’s 2011 SMB Disaster Preparedness Survey showed that SMBs are increasingly fearful of online threats and data loss. The businesses polled experienced on average six outages during 2010, with the top reasons given including cyber attacks, power failures, and natural disasters.

Half of the businesses that had a disaster recovery plan in place had implemented their plan after an outage or data loss. 52% said their plan was less than six months old. With outages costing a company on average $50,000 for four days, it is undoubtedly an area all SMBs must look into.

Symantec Offers Ways to Reduce the Threat

The Symantec Cyber Threat Analysis Program eases cyber risk with a comprehensive approach to threat identification, intelligence gathering and validation to protect critical client information. The result is a highly customised solution that addresses the specific security requirements of customers. 

Symantec has also developed a Cyber Risk Calculator that helps determine the potential cost of operating a small business without computer and data protection. To access the risk calculator, click here.

Find Out More

For more information about cyber attacks and Cyber Risk Insurance, click here. Alternatively, contact Optimum Insurance Services directly on 1300 739 861.

“57% Of SMBs Have No Disaster Recovery Plan”, Kevin Casey, Information Week, January 11, 2011.

Disclaimer“This material contains general information only and may not suit your particular circumstances. To decide if a policy is right for you please carefully read the relevant Product Disclosure Statement (PDS) and/or Policy wording. While we have exercised due care and skill in preparing this information, Optimum Insurance Services (Optimum) does not accept any legal responsibility or liability for negligence or otherwise to you or anyone else who seeks to rely on this information. This includes, without limitation, loss arising from a possible failure of the information to comply with statutory or regulatory requirements or the failure of the information to identify other terms and conditions beyond those considered in this document. You should obtain advice to ensure that your policy provides adequate cover for your circumstances.

“Optimum Insurance Services Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services Licence No 240549, ABN 15 003 886 687.”

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