Interesting read from Insurance Times on potential cyber threats on the 5G network.

"New and insidious Microsoft Office vulnerability discovered, major warning issued for MSPs, Eurovision under attack and malware now being spread by telegram...

There's no rest for the wicked, and there was plenty of wicked cyber activity going on in the month of May.”

(CFC - May 2022)

"The number of estate agents being targeted by criminals via cyber attacks is to increase this year, a leading industry body has warned.

The Guild of Property Professionals regularly gets reports from firms hit by hackers trying to defraud their clients, while the increase in remote working has made many smaller agents connecting to their networks more susceptible to cyberattack, says compliance officer Paul Offley. He predicts incidents will rise even further this year "

(The Negotiator - January 2022)

"The Department for Digital, Culture, Media and Sport (DCMS) commissioned the Cyber Security Breaches Survey of UK businesses, charities and educational institutions as part of the National Cyber Security Programme. Among the key findings of the report was the revelation that 39% of businesses and 26% of charities have reported cyber security breaches or attacks in the last 12 months.

Among the impacted businesses and charities, one in five ended up losing money, data or other assets while 35% of those businesses report being negatively impacted by other considerations including post-breach measures, lost staff time or wider business disruption. "

(Insurance Business UK - December 2021)

"Due to the digital interconnectedness companies now have, the risk of cyberattacks and data breaches have only increased. It is now much easier for criminals to shut down a company’s network, steal personal or financial information, or put entire supply chains at risk.

This is where cyber coverage spills over into the liability space, as cyber insurance is also influencing the directors and officers (D&O) space, according to McIntosh."

(Insurance Business - October 2021)

"In Insurance Times’s April 2021 issue, Aviva’s head of cyber insurance Neil Arkle discusses the importance to all businesses of having cyber security in place and how brokers can help clients reduce their vulnerability.

The recent Aviva Risk Insights report identified cyber security and cyber incidents as the fifth-largest major risk facing UK businesses today, and the exposure to cyber risks will only increase."

(Insurance Times - April 2021)