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

Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

read more

Finalist for QLD Broker of the Year

Robert Cooper was honoured to be nominated as a finalist for Queensland Insurance Broker of the year for 2020, as part of the National Insurance Brokers Association. Unfortunately he missed out on the ultimate award but is a reflection of the high standard that the industry now has for such awards.

read more