Phil Edwards on the threat of cyber attacks: “it’s not a question of if, it’s a question of when”

Mike HudsonNews

Following the recent cyber attack on Dixons Carphone and the huge subsequent data breach, Insurance Business UK speaks to Phil Edwards, Managing Director at QPI Legal, about how businesses can prepare against a cyber attack.

Phil Edwards states that although it is extremely difficult to stop today’s cyber criminals completely, it is imperative that you try to slow down their progress, and be ready to react if you do find your business under attack. Today’s security threat is changing, with cyber criminals casting a wide net to see who could be caught, therefore everyone is affected by cyber risk.

“Cyber risk is across the board, it is for everybody.” – Phil Edwards

Edwards also states that insurance brokers can play a key role in helping with cyber exposure and contingency planning, but you should always talk to someone with the specialist knowledge required for cyber risk. A specialist insurance broker in cyber risk can help advise on the differences in the insurance policies available and how to react to risks within a particular business and culture, as well as how to manage PR if a problem were to occur. If the correct advice is not sought, clients could find themselves with gaps within policies and not insured when things go wrong.

To find out more about how specialist cyber risk insurance brokers QPI Legal can help insure your businesses against cyber attacks, please contact Phil Edwards at phil.edwards@qpilegal.co.uk and 01604 217245.

For the full article featured in Insurance Business UK, click here.