6. Alliance Partners
AU: Marsh - How much could a cyber incident cost your business?
👓 1 minute read
The average cost of a single cyber incident for a real estate agency is $230,000*.
Are you adequately insured?
Cyber-crime within the real estate industry continues to evolve alongside digital innovation. While technology has enabled faster transactions, streamlined communication and greater efficiency, it has also increased the cyber exposure faced by modern real estate agencies.
Every day, agencies handle high value transactions, sensitive client information, trust account activity and email communications that can become targets for cyber criminals. Increasingly, the industry is seeing threats such as email compromise, invoice manipulation, social engineering attacks and payment fraud designed specifically to exploit real estate businesses and their clients.
Cyber insurance today is no longer just about financial protection after an incident. Strong cyber insurers now act as cyber response partners, helping businesses respond quickly, contain threats and minimise disruption when incidents occur.
Introducing a cyber insurance solution specifically designed for Real Estate Agencies
Marsh has partnered with CFC to provide a purpose-built cyber insurance solution tailored to the unique risks faced by the Real Estate Industry.
With $1m of cover starting from $1,570* and no lengthy cyber questionnaires, it has never been easier to get Cyber Insurance for to protect your business.
The CFC cover includes:
- Cyber Crime, Business Email Compromise and Funds Transfer Fraud
- Network and information security liability
- Social engineering and payment fraud
- Ransomware and cyber extortion
- Digital asset restoration
- Reputational harm cover
To learn more please contact the team at Marsh at realestate_australia@marsh.com. To request a quote please click the link below:
* 1 Coalition’s 2023 Cyber Claims Report. Dollar figures adjusted to Australian Dollars
NZ: Turn to GSI Insurance for your cyber cover
New Zealand based members should contact Alliance Partner, GSI Insurance for your cyber insurance needs.
Download more information usimng the button below.