Cybercrime Is No Longer a Big-Business Problem

Small and medium-sized enterprises (SMEs) are now prime targets for cybercriminals. In Ireland, hundreds of significant cyber incidents are reported annually, and research consistently shows that a large majority of Irish businesses have experienced some form of cyber disruption, financial loss, or attempted attack in recent years.

SMEs are often targeted because attackers assume:

• Security systems may be less sophisticated
• Staff may not have formal cyber training
• IT resources are limited
• Valuable customer and financial data is stored digitally

A single cyber incident can interrupt operations, damage your reputation, and threaten your financial stability.

What Could a Cyber Incident Cost Your Business?

For many SMEs, even a few days of operational downtime can significantly impact revenue and cash flow.

The Irish Cyber Risk Landscape

Recent data highlights the growing exposure facing Irish businesses:

• Hundreds of confirmed cybersecurity incidents are reported in Ireland each year
• Data breaches affecting Irish organisations continue to rise year-on-year
• A significant proportion of SMEs report experiencing phishing attempts, ransomware attacks, or email compromise
• Many smaller firms lack regular cybersecurity training for employees — increasing vulnerability to human error

Cybercriminals do not discriminate by size — they look for opportunity.

GDPR & Regulatory Exposure

Under GDPR, Irish businesses must:

• Protect personal data
• Report certain breaches within 72 hours
• Notify affected individuals when required

Failure to comply can lead to regulatory investigations, fines, and legal claims.

Cyber Liability Insurance can help cover:

• Regulatory defence costs
• Legal expenses
• Investigation support
• Certain fines and penalties (where insurable by law)

Protecting Your Reputation & Client Relationships

Customers expect their data to be secure.

Many larger organisations and public bodies now require suppliers to carry Cyber Liability Insurance. Having appropriate cover:

• Demonstrates responsible risk management
• Enhances credibility in tenders
• Protects long-term client relationships

Affordable, Scalable Protection

Cyber insurance policies are:

• Tailored to your business size and sector
• Scalable based on turnover and exposure
• Cost-effective compared to the financial risk of a major breach

For most SMEs, the annual premium represents a fraction of the potential cost of a single serious cyber incident.

Don't Let a Cyberattack Define Your Business

Cyber threats are increasing in frequency and sophistication. Irish SMEs face real exposure — financially, legally, and reputationally.

Cyber Liability Insurance provides:

• Financial protection
• Expert response support
• Business continuity assistance
• Peace of mind