In the year up to and including July 2020, there have been more than 19 billion data breaches, with key sectors attacked in July being healthcare and health science, education, tech and media. June saw Avon’s UK website attacked and taken offline. In May, EasyJet had 9m records breached. But it’s not just the big boys. 88% of UK businesses have experienced breaches in the last 12 months. And still the cyber insurance message does not seem to be getting through.
The sanitization trend continues to embed itself within the manufacturing sector, as businesses seek to open up new revenue streams by getting closer to their customers and increasing their operational transparency in the process. Breweries, gin and whisky distillers, mills and confectioners are all finding tourism-focused tours an attractive way to achieve their objectives but do such new facets to the business create possible new risks?
The manufacturing sector has a rate of fatal injury 1.5 to 2 times the average across all industries and recent cases demonstrate why manufacturers need to implement robust risk management, if they are to keep workers and contractors safe, whilst also avoiding fines and possible imprisonment for negligence.
Cow & Gate and Tesco have already this year been at the centre of a food safety scare which necessitated the voluntary recall of 15 varieties of baby food within the 7+ month range. Could the same sort of scenario happen in your food-manufacturing business and would you have the financial resources to survive a product recall?
Nanotechnology may well be the future of manufacturing but manipulating materials at a nanoscale could result in issues further down the line, in terms of employee health and safety. Meanwhile, producing products with a technology still in its infancy could create other problems, including product recalls and lawsuits brought by those on the wrong end of product failure and inaccurate professional advice.
In fact, research by the UK government suggests that almost half of all businesses fell victim to cyber attacks or security breaches in the last year. Despite this, many business owners continue to underestimate the risk and fail to secure the correct level of insurance cover.
Commercial insurance specialist and risk manager, Gauntlet, is urging fleet managers to act quickly, to cushion what is likely to be a major financial blow when their insurance renewal comes around.
Commercial insurance broker, Gauntlet, is advising British businesses of the need to safeguard themselves against the impact of internal theft, following research in 2016 that showed 67 per cent of British workers have stolen from their employer.*
Commercial insurance broker and risk manager, Gauntlet Group, has responded to its impressive growth by purchasing new offices and relocating for the first time in its 20-year history, as well as rebranding the business with a new corporate identity and a suite of logos.
An Appointed Representative of Gauntlet Group, who started her business in December 2013, has made such a success of it that the business is now employing five people.