Cyber Insurance
If your business has never been the victim of a cyber attack, it can be difficult to comprehend how vulnerable your business could be.
Why LHK
In today’s digitally interconnected world, businesses face unprecedented challenges in safeguarding their sensitive information from cyber threats.
Our team have a vast amount of experience in providing advice on and procuring cyber liability insurance for our clients. We have developed a deep understanding of the cyber risks that businesses are facing and are well placed to support and protect your business.
Cyber losses can affect your business in a number of different ways, and you want certainty that you have a defence against the evolving landscape of cyber threats. As we are all aware, companies transact digitally more and more with their customers and suppliers, meaning that the cyber exposure is growing more and more as we rely on the systems that we have in place to conduct business.
Typical covers under a standalone Cyber Insurance policy:
- Data Breaches
- Business and Network Interruption
- Intellectual Property Rights
- Damage to Third-Party Systems
- System Failure
- Cyber Extortion
According to PwC’s Digital Trust Insights Survey 2025, Irish organisations are increasingly prioritising cybersecurity, with 74% identifying it as their top risk for remediation in 2025. The survey, which includes responses from senior executives across Ireland and globally, highlights a growing concern over third-party breaches, ransomware, and cloud-related threats.
Key findings include:
- 66% of Irish organisations plan to increase their cybersecurity budgets in 2025
- 48% of Irish respondents ranked third-party breaches as the number one cyber threat
- 38% of global respondents experienced a data breach costing over €500,000
- Only 2% of organisations have fully implemented all recommended cyber resilience actions
- Just 32% of Irish companies conduct regular cyberattack simulations or tabletop exercises
These figures suggest that cyberattacks are not just likely — they’re increasingly costly and disruptive. The report reinforces the idea that for Irish businesses, it’s a matter of when, not if, a cyber event will occur.
