Cyber insurance for Trowbridge businesses

Trowbridge's manufacturers and employers pay their staff by the same electronic systems everyone uses, and fraudsters have found a way to slip into the payroll and quietly redirect it.

Where the risks come from for Trowbridge businesses

In payroll-diversion fraud, a criminal poses as an employee, or compromises the payroll system, and changes the bank details so that a salary is paid to the fraudster instead, often noticed only when the real employee reports they were not paid. It targets the routine trust of the payroll run.

A Trowbridge example

A fraudster, posing as staff, changes the bank details on a Trowbridge business's payroll, and salaries are paid to the fraudster before the deception is noticed. Cyber cover with social-engineering and funds-transfer protection responds to the loss, and the business must still make its staff whole.

What cyber insurance covers

Cyber cover can include the social-engineering and funds-transfer fraud that payroll diversion relies on, answering for the diverted funds. Verifying changes to payroll details reduces the risk, and cover answers for the loss.

Placing it in Trowbridge with Apex

We make sure the cover reflects that fraud can target the payroll as readily as a supplier payment. Apex arranges cyber cover through one named broker. FCA authorised; established 2009.

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