No matter how well your company is managed or how many internal controls and procedures you have in place, the risk of theft and fraudulent acts being committed against you will always exist.
Many companies have always associated these risks with more mundane acts of employee dishonesty. But with the advent of real-time connectivity and the likes of online banking being part of every day work, companies are now vulnerable to far more sophisticated risks, including:
Computer fraud
Illicit software
Hacking
Invasion of Privacy
Cyber Terrorism / Extortion
Whilst these risks are not normally covered by traditional Dishonesty/Fidelity policies, they can be incorporated within a modern Crime policy.
Today’s policies can include cover in respect of:
Employee fraud or dishonesty
Third party computer and funds transfer fraud
Cyber terrorism or extortion threats
Reinstatement of data
Third party forgery
Loss investigation fees
And with technology advancing at an ever-increasing rate crime policies are not only designed to combat the effects of today’s criminals but also future criminal methods.
Towergate ghbc is a trading name of Towergate Underwriting Group Limited and is authorised and regulated by the Financial Services Authority.
You can check our details on the FSA register (www.fsa.gov.uk/register) under Firm Reference Number 313250
