The Cyber Threat to NZ Tradies

Have you taken steps to protect your tradie business from cybercrime?

From contact data to payment details, many New Zealand tradies use and store sensitive client information as part of their day-to-day business activities.

Cybercrime costs New Zealanders more than $16 million per year[1] and New Zealand tradie businesses have been among the targets[2].

If this data was hacked, you might be liable to deal with any of the financial and reputational damages it could cause.

Encouraging strong password practices and ensuring you have firewalls and anti-virus software are just some of many ways you can prevent a data breach.

However, cybercriminals are always looking for new ways to slip past your defences. This is where Cyber Liability insurance can be significant, as it could protect your business from the consequences of an attack.

Your coverage may generally include cover for expenses and restoration costs relating to the following: 

  • Data breaches, including theft or loss of client information 
  • Network security breaches 
  • Business interruption costs 
  • Forensic investigation into the cause or scope of a breach 
  • Data recovery costs 
  • Cyber extortion 
  • Crisis management costs (to protect or mitigate damage to your business’ reputation resulting from a cyber event) 
  • Legal costs, including fines and penalties resulting from a third-party claim for a data or network security breach against your business

While the consequences of a cyberattack could give you months of headaches, you could get protected with Cyber Liability insurance in an instant. Visit bizcover.co.nz today and select your Cyber Liability policy from a range of trusted New Zealand insurers.

With multiple competitive quotes to choose from online, you could protect your tradie business over smoko. 



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