Cyber insurance for Tewkesbury businesses

Tewkesbury's logistics and manufacturing businesses pay a stream of suppliers, and trust the invoices that arrive from familiar names. Fraudsters have learned to send fake invoices from a supplier's own compromised account.

Where the risks come from for Tewkesbury businesses

When a supplier's email is compromised, criminals can send a business genuine-looking invoices, or altered bank details, from the supplier's real account, and the business, trusting a known sender, pays the fraudster. The deception rides on a real relationship, which makes it hard to spot.

A Tewkesbury example

A Tewkesbury business receives an invoice from a trusted supplier's genuine but compromised email account, with the bank details changed, and pays the fraudster. Cyber cover with social-engineering and funds-transfer protection responds to the loss, an exposure a standard policy treats as an authorised payment.

What cyber insurance covers

Cyber cover can include social-engineering and funds-transfer fraud, answering for payments diverted through a compromised supplier as well as a business's own account. Verifying changed bank details reduces the risk, and cover answers for the loss.

Placing it in Tewkesbury with Apex

We make sure the cover reflects that fraud can arrive from a trusted supplier's own account, and responds when it does. Apex arranges cyber cover through one named broker. FCA authorised; established 2009.

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