Cyberattack prevention and financial protection from Gallagher

The digital world brings many advantages to Training Centres, but what about the additional risk that comes with it?

Gallagher, the RYA’s official Club and Recognised Training Centre Insurance partner, has summarised the ways in which you can help protect your Training Centre from cyber threats through education and financial protection.

A lack of cyber security can leave Training Centres vulnerable to substantial losses and the impact can be huge and long lasting. Ask yourself:

• Could your Training Centre operate without IT?
• What would happen if your data (including banking) was lost, stolen or misused?
• What if your IT and web systems were hacked or suffered a virus attack?
• What would be the impact on your Training Centre’s reputation?
• Did you know the use of third-party hosting companies/sites may still leave you exposed to cybercrime and subsequent liabilities? 

Finding suitable insurance

As the RYA’s official insurance partner, Gallagher has been endorsed for over 40 years, providing specialist products to meet the needs of RYA-affiliated Clubs, Recognised Training Centres and affiliated organisations.

For more information on Cyber Insurance from Gallagher, email rya@ajg.com or call 0800 612 2282.

Gallagher’s Cyber Defence Centre

In addition to providing insurance solutions to RYA Recognised Training Centres, Gallagher is able to provide you with a cyber-defence package suitable for organisations of all sizes. Cyber Defence Centre members can benefit from a range of resources, including:

• Vulnerability scanning
• Threat intelligence webinars
• Cybersecurity training
• Regular email updates on the latest cyber thinking 

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Enhancing cyber security

There are several risk management steps you can take to enhance your cyber security and help protect your Training Centre from a cyberattack:

1. Train staff: Cyberattack incidents can be a result of social engineering, targeting  regular staff team members who have access to the business systems. Continuous training in your staff to become ‘secure humans’ ensures they are able to play their part in defending your organisations.
   
   
2. Vulnerability scanning: Invest in systems to monitor your external boundaries for any vulnerabilities to prevent these becoming an entry point for cyber criminals. Pen (penetration) testing, a form of ethical hacking, allows for a deeper understanding of your vulnerabilities by assessing your systems from an attack rather than defensive lens.
   
   
3. Multi-factor authentication (MFA): Making use of MFA can make it harder for criminals to gain access to accounts through stolen or reset passwords. Not all MFA methods are equal, and attackers are constantly looking at ways to bypass weaker methods. Consideration should be given to make sure your chosen method provides adequate protection.
   
   
4. Importance of a plan: Creating a plan that can be easily implemented in the wake of an attack can make a vast difference in your response and the severity of the attack. Plans should consider all eventualities, down to how you will communicate when all usual systems are unavailable.
   
   
5. Cyber insurance: Having cyber insurance in place can support your business getting back to fully operational in the event that your business did fall victim to a cyber-attack.

For more information on cyber protection from Gallagher, email rya@ajg.com or call 0800 612 2282.

The sole purpose of this article is to provide information on the issues covered. This article is not intended to give legal advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. We make no claims as to the completeness or accuracy of the information contained herein or in the links that were live at the date of publication. You should not act upon (or should refrain from acting upon) information in this publication without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss that may be suffered as a result of any person relying on the information contained herein.

Royal Yachting Association is an Introducer Appointed Representative of Arthur J. Gallagher Insurance Brokers Limited which is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909.