In a recent post by Channel 9 News (click to read article) we are being warned to protect ourselves particularly against online fraud. Due to the increase in online shopping, cybercriminals have followed this trend and are becoming increasingly smarter. It’s reported by security experts that last year transaction fraud in Australia alone was close to $400 million, with three quarters of this coming from “Card not present” fraud.
Anyone with a business, particularly with online stores, should be aware of this increasing issue and protect themselves accordingly. At East West Insurance Brokers our Business team are able to assist you with appropriate cyber crime insurance cover to adequately protect your business.