Risk Management

Managing Cyber Risks

Cyber Risks are an increasing area of concern for Businesses and gradually Insurers are putting together policies that will suit this area. Although not a complete solution is offered from Insurers, you can now obtain specific cover on Cyber Risks, additional sections to a Management Liability policy with some insurers and also Multi-media Liability policies.

However, prevention is better than cure and this section aims to provide tips and advice about controlling and reducing your risks.

Targeted cyber intrusions are the biggest threat to Australia’s ICT systems (Department of Defence, 2012). Intruders are looking for information on business dealings, intellectual property and scientific data.

The Defence Signals Directorate (DSD) has developed a list of strategies to control and diminish targeted cyber threats. The strategies are based on analysis of incidents across the Commonwealth Government, and provide one of the best guides for small business owners to avoid intrusions.

The key message of the list is that at least 85% of targeted cyber intrusions that the DSD responds to could be prevented by following the top mitigation strategies:

  • Catchmalicious software using a whitelist.
  • Patchyour operating systems and your applications.
  • Matchthe right people with the right privileges.

For more information about how to mitigate cyber threat in your business, visit the Department of Defencewebsite 

Click on the following links for more information.

Read about it here

Advisen's Cyber Liability Journal Q2 2012

2012 the year of the Cyber Attack

Perils of the Digital World

Hacking

Cyber risks - the new frontier here

Even the US Defence Systems are vulnerable to hacking - Cyber Security

 US Companies keeping Cyber Security Breaches secret

Best Passwords for being Hacked for 2011

Sony's Cyber Attack and the Privacy Act

Online Shopping Delivers greater Retailer Risk

Hackers Publish Turnbull's Credit Card Details

Zappos Says Customer Database Hacked

Just how serious was the Zappos Breach?

2012 will be even greater for Cyber Risks

Cyber Risks Insurance expected to Boom

Polish Government Websites Attacked

 

Latest News

CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

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Special offer to CPR Insurance clients

Employsure are providing a FREE Business Health Check to all our clients and gives you the opportunity to receive an analysis of the health and safety requirements in your workplace. Also. Employsure  will review your employment agreements as well as your wage rates helping you to avoid workplace claims.

Ordinarily this would cost you at least $1,250 but because you are a CPR Insurance client, it is free!

It involves the following review for you.

SAFECHECK

A specialist Work Health and Safety Consultant will visit your workplace and carry out:

A review of your business’ current work health and safety policies, procedures and systems to identify areas of concern or non-compliance

Following the review, you will receive a report summarising the findings and the health and safety

Status of your workplace

WAGE CHECK

A Wages Adviser will review your rates of pay and produce a Wage Check report.

The review will be conducted against the industrial instrument applicable

A report will be supplied advising if the wages are compliant and what steps to take to achieve compliance

CONTRACT REVIEW

A Document Consultant will review an employment agreement and provide recommendations.

The review will highlight compliance issues with the Fair Work Act 2009 as well as best practice

The report will make recommendations to achieve compliance and provide protection to your business.

This will remove any areas of potential dispute and risk

So what do you have to lose? Contact us on 07 3123 1137 and arrange 

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