Cyber insurance for Newbury businesses
Newbury is a telecoms and technology town, and its businesses lean on mobile phones for authentication as much as communication, the code texted to confirm a login or a payment. Attackers have found a way to steal the phone number itself.
Where the risks come from for Newbury businesses
In a SIM-swap attack, a criminal tricks a mobile provider into moving a victim's number to a new SIM, intercepting the authentication codes and messages sent to it, and from there taking over accounts and approving payments. The security that relied on the phone becomes the way in.
A Newbury example
An attacker SIM-swaps the mobile number tied to a Newbury business's accounts, intercepts the security codes, and takes over its systems and payments. Cyber cover meets the incident response and the loss, reflecting an attack that defeated phone-based security.
What cyber insurance covers
Cyber cover responds to account takeover and fraud achieved through SIM-swap and mobile-account attacks, meeting the response and loss. It reflects that even phone-based security can be turned against a business.
Placing it in Newbury with Apex
We make sure the cover reflects the ways attackers defeat phone-based security, SIM-swap among them. Apex arranges cyber cover through one named broker. FCA authorised; established 2009.
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Get the right commercial cover, placed by a named broker
Tell us about your business and we’ll place it on the specialist market — or leave your number and a named broker calls you back, usually the same working day.