Cyber Risk Is Financial Risk. Know How You’re Protected.
A cyber incident can create costs that extend far beyond restoring a device or recovering an email account. Ransomware, business email compromise, privacy breaches and cyber fraud can lead to downtime, recovery expenses, legal support, lost income and customer communication requirements.
Cyber insurance can help businesses manage certain financial and response costs following a covered incident.
However, insurance is only one part of managing cyber risk.
Enable IT works with Price Forbes to help businesses access cyber insurance solutions while strengthening the security controls that support cyber readiness.
$56,600
Average self-reported cybercrime loss per report for small businesses.
Source: Australian Signals Directorate, Annual Cyber Threat Report 2024–25.
$202,700
Average self-reported cybercrime loss per report for large businesses.
Source: Australian Signals Directorate, Annual Cyber Threat Report 2024–25.
A More Practical Approach
Cyber Insurance and Cyber Security Work Together
Cyber insurance does not prevent an employee from entering credentials into a phishing website. It does not patch an exposed device, secure an unprotected account or restore information that was never backed up.
- Cyber security helps reduce the likelihood and impact of an incident.
- Cyber insurance helps businesses manage certain costs when a covered incident occurs.
That is why a practical approach to cyber risk requires both.
Enable IT can review your technology environment, including users, devices, Microsoft 365, access controls, backups and security processes, helping identify gaps before they become larger business risks.
What Cyber Insurance Can Help Cover
Incident Response
Specialist forensic and technical support to investigate what happened, identify affected systems and contain the incident.
Data Recovery and System Restoration
Costs associated with recovering data, restoring systems and returning business operations to normal following a covered event.
Business Interruption
Financial losses resulting from downtime when employees cannot access critical systems, applications or information.
Privacy Breach Response
Support relating to legal advice, customer notifications, regulatory requirements and privacy response following a covered breach.
Cyber Extortion
Certain ransomware or cyber extortion response costs, depending on policy terms and conditions.
Cybercrime and Fraud
Some policies may provide cover for specific cybercrime-related losses, depending on the circumstances and policy wording.
Protect Your Business Through a Domain Scan
Cyber criminals often look for weaknesses that are visible from outside the organisation.
Enable IT can perform a domain and DNS security scan to identify externally visible risks and potential areas of exposure. This provides businesses with greater visibility into their current security position before entering a cyber insurance discussion.
A proactive review can help identify opportunities to improve security controls before they become a problem.
Comprehensive Cyber Insurance Solutions For UK & Australian Businesses
Protect your business from cyber-attacks through a domain scan
A More Practical Approach
Cyber Insurance Needs To Reflect Your Industry
Every organisation has different cyber risks. The right level of cover depends on the information you hold, the systems you rely on and the impact an incident could have on your operations.
Technology Alone Isn't Enough
Businesses often start their cyber insurance search by comparing premiums, but the cheapest option is not always the right option.
Two policies with similar pricing can provide very different levels of protection depending on the cover provided, policy limits, exclusions, excesses and sub-limits.
It is important to understand how much cover is available for different types of losses, which events may not be covered, what portion of the cost the business would need to contribute, and whether areas such as ransomware, cybercrime or business interruption have specific limits.
Frequently Asked Questions
Cyber Security FAQs
The Enable Way
Cyber security should make the business safer without making it impossible for people to work.
Our approach is built around practical risk reduction.
That means understanding your environment first, identifying what needs to be protected and then implementing controls that are appropriate for the level of risk.
Security can include:
Multi-factor authentication
Endpoint protection
Vulnerability scanning
Patch management
Cloud and network:
Microsoft 365 security
Network security
Cloud security
Backup and disaster recovery
Response and governance:
Security monitoring
Incident response planning
User access management
Security awareness and policy support
Prepare Your Business Before A Cyber Incident
Cyber insurance is one part of a wider cyber risk strategy.
Understanding your technology environment, strengthening security controls and knowing how you would respond gives your business a stronger foundation. Enable IT can assess your environment, identify security gaps and support your cyber insurance journey through Price Forbes.