Cyber, Data & Crime

Cyber attacks and commercial crimes are on the up…

The number of commercial crime and cyber losses is now a major concern for businesses, with traditional high-risk/low-reward robberies and thefts (generally insured under a conventional commercial combined policy), being replaced by lower-risk/higher-reward crimes which exploit the same technology and systems of check that we’ve come to rely on day-to-day.

It is difficult to go a week without reading an article in the press which details a similar circumstance experienced by some multinational company, and it’s easy to assume that they have been targeted as a result of their high profile and liquidity.

The problem is: that’s not always the case. In September 2022, The Office for National Statistics* put the number of incidents of fraud, at 4.5m offences – an increase of 25% compared to the year ending March 2020.

Over the same period, Computer Misuse saw an increase to 1.6 million offences (an increase of 89%), with hacking being highlighted as a major factor.

* Source – ONS, “Nature of fraud and computer misuse in England and Wales: year ending March 2022.”

Whilst these crimes are becoming more and more prevalent, they are also examples of claims that wouldn’t necessarily be covered under more traditional covers. We therefore recommend that all of our clients purchase comprehensive Cyber and Commercial Crime policies that will not only indemnify you should you experience a loss of this nature, but provide you with the technological assistance and subject matter expertise that you’re likely to require when dealing with an incident.

To discuss comprehensive all risks cover for Cyber and Commercial Crime, please contact us.

Here are just some examples of claims we are currently seeing:

  • Fund Transfer Fraud
  • Cyber Extortion
  • Invoice Fraud
  • Data Loss
  • Banking Fraud
  • Traditional Theft
  • Theft of Vehicles


I would just like to say what a pleasure the last two plus years have been working with you and your team.
We were and still are so pleased we have a one stop partner to take care of a multi country and site business, as well as support the directors on home and motor policies that are truly fit for purpose.
We appreciate the partnership, honesty and 24/7 support

Boo Jalil, CEO, Brand Machine Group


David Cannon

David Cannon

Commercial New Business Account Manager

T0161 830 5429