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SMEs flock to sign up to government-backed cyber protection scheme

PUBLISHED: 15:05 31 October 2017 | UPDATED: 15:05 31 October 2017


More than 1,000 SME customers have signed up for a Government-backed cyber security insurance scheme in the past month,it has been revealed

Worcestershire-based The IASME Consortium and independent insurance broker Sutcliffe & Co announced the milestone - the first time so many SMEs have been certified with Cyber Essentials and cyber insurance in a rolling 12-month period.

Since the Cyber Essentials scheme began in 2014, IASME, a principal accreditation body for the Government-backed scheme, has led the way in certificating businesses to Cyber Essentials.

IASME joined forces with Sutcliffe & Co at the start of the year to offer cyber insurance cover to UK-based SMEs which had achieved Cyber Essentials certification.

The past twelve months have seen the greatest uptake in certification and insurance.

Dr Emma Philpott, of IASME Consortium, said: “Providing this cyber insurance package to SMEs is very important to us. The insurance element provides businesses and their customers with added peace of mind and we are delighted to have reached such a significant milestone.”

Duncan Sutcliffe, director of Sutcliffe & Co, added: “Working to attain Cyber Essentials certification through IASME shows that a business is already committed to safeguarding their IT systems.

“The cyber insurance we can then provide for the eligible companies adds an extra level of safeguarding that may not necessarily be procured otherwise. This is beneficial for both the certified business and their supply chain.”

Cyber Essentials is recommended by a number of trade bodies, including the FCA, Institute of Chartered Accountants (ICAEW) and the Law Society.

More information on Cyber Essentials can be found here.

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