Insure’s Blog

Cyber insurance: keeping black Friday about great (and safer) deals – and career opportunities…

What is cyber insurance?

Cyber insurance – or Cybersecurity/cyber liability insurance – helps reduce the financial risks of online selling. In exchange for a monthly or quarterly fee, retailers gain an element of protection against fraudulent transactions with policies covering some of the financial losses resulting from online theft. Some policies also support remediation costs, including legal fees, and customer credits or refunds.

Cyber insurance is also increasingly useful for online businesses to mitigate the worst if they become victims of data hacking or malware breaches resulting in the theft of customer contact data or payment details.

This is a young and rapidly-growing branch of the insurance industry. Traditional insurance policies tend to exclude cybercrime and online businesses were slow to realise its benefits. Unhelpfully, policies can also vary widely between providers. However, now the ball is well and truly rolling as online retailers are increasingly investing in policies. It is also fast-evolving, mirroring the ever-changing nature of online business and picking up further traction as policies become more affordable and are increasingly regarded as essential.

There is great potential in this field for talented and innovative candidates who are looking for creative and exciting opportunities. If you would like to boost your career and want to know more about cyber insurance roles, please fill in the form below, call our friendly and experienced team today on 01483 668700, or email us at careers@insurerecruitment.com.

Clients specialising in this field appreciate our ability to match them with the exceptional insurance professionals who will boost their business. Our highly targeted searching and rigorously screening identify perfect fit candidates. We then only put forward the most motivated applicants. So you not only get the best recruits, you also retain the best recruits. If you have roles you need filled right now or want more information about our highly rated recruitment services, call us today on 01483 668700.

 

And a final public safety announcement…

Remember: it is not just retailers who need to be wary during Black Friday. In your eagerness to bag a bargain – watch out for scammers! Be particularly vigilant for companies asking for direct payments to bank accounts. Check that websites are bona fide. Be sure that the email or social media alerts offering sought-after products for a fraction of price is not an elaborate phishing scheme. Above all, report any dodgy schemes immediately.

For the latest guidance on how to shop safely online and avoid scams and fraudsters, please refer to these simple tips from the National Cyber Security Centre.

We wish all our clients and candidates a successful and safe Black Friday.