Small-to-medium enterprises (SMEs) have specific cyber risk concerns
Over the past few years, cyber has emerged as a serious business threat. And with the mandatory data breach reporting regulations of the Personal Information Protection and Electronic Documents Act (PIPEDA) set to take force from November 1, 2018, SMEs could face potentially crippling compliance costs, not to mention the outfalls of third party actions.
Aon's 2018 SME Insurance Report examines the impacts of cyber risk on SMEs, look at what the changes to PIPEDA might mean to your business.
Cybercrime can give rise to a wide range of both first party and third party claims, including:
Aon's Cyber Link solution offers SMEs access to affordable, state-of-the-market cyber coverage from the world's leading insurers and combines cyber liability cover with privacy breach response management services.