Fighting the good fight
Patient medical records and Sensis data breaches, social media and celebrity photo cloud hacks—these aren’t just urban legends. So we’ve built a specialist cyber practice bolstered by a stack of practical experience, to keep our clients ahead of the curve…and the threat.
Our heads are in the clouds. But it’s not what you think. Our cyber team has helped set up some of Australia’s pioneer (and most successful) cyber insurance underwriting agencies. The team is made up of leaders in the field—presenting conference keynotes on cyber risk and insurance, and contributing articles for the business pages in their “spare” time.
And the rest of the time? Well, advising on pre-breach risk management and post-breach cyber claims is just the tip of the iceberg. Our Cyber team develops ingenious data protection and privacy structures, and creates breach response tools. We even help clients figure out which IT services and solutions are right for their business because, let’s face it, “spoilt for choice” is a gross understatement.
For those caught in phishing scams, we help unpick liability and work with forensic accountants to advise on business interruption claims.
We’re straight talkers. When we helped Emergence Insurance set up and write its first ever cyber policy, it was so easy to understand it won the Broker’s Pick award in 2015 (and continues to be an industry exemplar, winning that same award in 2017 and 2018).
Hackers work around the clock so we do, too. When a cyber breach occurs, response times are everything. So we operate 24/7 Emergency Contact Lines for major telecommunications and technology companies—even for cyber insurers.
What others say
The policy we drafted for Emergence Insurance Underwriting Pty Ltd was awarded the "Broker's Pick" Award 2015 by Insurance Business magazine. The Insurance and Risk Management Institute in the US described the policy as:
"a truly ingenious reconfiguration of the approach they use in the US... It is so much more understandable than what is offered by any other leading US Insurers' forms."
Jeremy Kirk, Managing Editor, Security and Technology also said: "Sparke Helmore provided top-notch subject matter expertise on cyber insurance for our Fraud & Data Breach Prevention Summit series. The firm is knowledgeable, thorough and has a solid grasp of cyber insurance trends."