Cyber threats emerge daily, which can severely impact your balance sheet, your operations, and your reputation. To sustain your resilience against the interconnected digital landscape, you need a partner that can deliver a continuous, adaptive, and clear risk management strategy.
Cyber Liability Insurance Specialists
Overcome cyber risk and build resilience.
Our strength in the cyber insurance market
Technology and business are fundamentally linked. From ransomware to phishing, targeted hacks, malware, or IP theft, the cyber threats to every business continue to grow in number and complexity. Virtually every business across all industries face this threat. From human error to the actions of an insider - it’s a threat Lockton understands and we can help you manage it.
With extensive knowledge gained across a wide range of industries and multiple jurisdictions, we can provide you with specialist cyber cover based on our own proprietary insurance wordings, while using our strength in the market to negotiate advantageous policy terms.
Our Cyber Security and Privacy Protection Policy
Along with access to in-house information security expertise, we have additional cover ranging from technology errors and omissions to media liability. Our Cyber Security and Privacy Protection policy is specifically designed to match the rapidly expanding scope of events and ever changing technologies. This provides a higher level of certainty for your business, that eliminates many of the gaps between existing risk controls and traditional insurance policies.
We specialise in a range of cyber risk services
Our products and services include:
Information security and privacy liability
Data breach response
Network business interruption
Cyber extortion
Digital asset loss
As well as:
Technology errors and omissions
Intellectual property and patent infringement
Reputational harm recovery
Media liability
Risk management and risk mitigation services
I cannot speak more highly of the support we received from the team. Lockton quickly enabled a team of highly experienced advisors who assisted us in navigating our way through the problem ... they worked around the clock to provide the support we needed.
Key Contacts
Mark Luckin
National Manager - Cyber & Technology
Mark.Luckin@lockton.com
+61 433 337 922
George Harding
General Manager, Global Professional & Executive Risk
george.harding@lockton.com
+61 403 360 139
Get in touch
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Cyber Liability Insurance FAQs
What does cyber insurance cover?
Cyber insurance typically covers financial losses from data breaches, ransomware attacks, business interruption, legal costs, and regulatory fines. Some policies also offer crisis management support, including forensic investigations and public relations assistance. Regulatory frameworks increasingly require evidence of operational resilience, breach reporting, and thirdparty governance. Cybersecurity is now a core business enabler, directly impacting financial performance, regulatory standing, and competitive advantage.
Who needs cyber insurance?
Any business that collects, stores, or processes sensitive data - such as customer information, payment details, or intellectual property - should consider cyber insurance. This includes businesses of all sizes, from startups to large corporations, as cyber threats can affect anyone. For cybersecurity to be practicable, organisations must-have cyber hygiene practices and enforce regular exercises to detect threats and uncover vulnerabilities. Boards and executives should assume, for planning purposes, that they will at one point experience a cyber-attack of some type, and prepare their organisation to respond and recover with minimal damage, cost, and reputational impact.
What are the biggest cyber risks facing businesses today?
The most common cyber risks include phishing attacks, ransomware, data breaches, business email compromise, and insider threats. With evolving cybercrime tactics, businesses must stay proactive in protecting their data and systems. Organisations should adopt a risk-based approach to continuously identify and mitigate cyber threats.
How can businesses reduce their cyber risk?
Businesses can reduce cyber risk by implementing strong cybersecurity measures, such as multi-factor authentication, employee training, regular software updates, data encryption, and incident response planning. Cyber insurance adds an extra layer of financial and operational protection in case of an attack. Boards must ensure that sufficient financial and technological resources are allocated to cybersecurity initiatives. Cyber insurance should be viewed as a complement to robust cybersecurity measures, helping to provide financial protection in the event of a breach, while also enforcing stronger security standards through insurer requirements. Comprehensive and ongoing cybersecurity education must be integrated into corporate culture.
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