When a changed invoice becomes a cyber claim
Many rural cyber claims start with ordinary admin: an intercepted invoice, changed bank details and a payment sent to the wrong account.
There is a tendency to think of cyber risk as something that only affects large urban agencyes. That has not been our experience.
The most common cyber claims we see for rural and regional SME clients involve email compromise – typically where an invoice is intercepted and bank details are quietly changed before payment.
Cyber cover is now relatively straightforward to place for smaller businesses and the value usually sits in the response support: forensic, legal and communications help in the first 48 hours of an incident.
“If your business sends or receives invoices by email, cyber cover is now a conversation, not a hypothetical one.”
Need help understanding how this may affect your cover?
Contact the RMA Insurance Brokers team before making changes to your insurance arrangements.
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