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New Cyber Defence Solutions for Sports Clubs

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Businesses in the sports and leisure sectors now have access to enhanced digital safeguards.

Sportscover Australia, in collaboration with Beazley, has rolled out a comprehensive cyber breach response insurance designed specifically for this industry.

In this rapidly evolving digital age, sports clubs and related bodies are increasingly vulnerable to cyber threats, including the potential compromise of personal data, which can lead to financial, legal, and reputational harm. Chris Nash, the Managing Director of Sportscover Australia, emphasizes the critical nature of this new protection.

"Today’s digital landscape leaves no room for complacency," Nash explains. "Sports and leisure businesses need to seriously consider robust cyber protection as part of their risk management strategy."

This cyber policy aims to provide a complete solution for data protection and security risk management. The introduction of this insurance product signals a significant step towards safeguarding the private information of individuals involved in these sectors and ensuring organizational resilience against cyber incidents.

Aside from its latest cyber policy, Sportscover Australia, which operates offices in Melbourne, Sydney, and Brisbane, already underwrites a variety of other products. These include:

Personal accident coverage
Contingency insurance
Liability insurance
Travel insurance
Legal expense coverage

This development highlights the necessity for all organizations, regardless of size, to adopt strong cyber defenses in today's interconnected world. With the growing digital footprint of sports clubs and leisure entities, this proactive step from Sportscover could very well be a game-changer for safeguarding against cyber risks.

Published:Friday, 27th Sep 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.

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