78047

In response to the threat of cyber-attack to businesses and organisations across the leisure industry, insurer Sportscover have partnered with international insurance specialists Beazley to provide leisure organisations, sports clubs and bodies protection to offer a solution.

Sportscover’s Cyber Breach Response (CBR) insurance is an across-the-board solution for data privacy and security risk management offering leisure organisations and businesses a variety of tailored solutions created to protect against the dangerous world of cyber risk, as well as provide support at every stage of an actual or suspected cyber breach incident.

Explaining that this was the natural next step to take as an insurance provider, Sportscover Australia Managing Director, Chris Nash stated “regardless of where we operate from, we live in a digital world and there is no escaping it.

“Australia’s leisure sector is no different than any other when it comes to the dangers posed by cyber-crime, which are unfortunately now an everyday risk faced by organisations globally.

“CBR is designed as a complete solution for data protection and security risk management to address these challenges head on.”

With consumers and regulators looking favourably on organisations that take prompt steps to contain, remediate and learn from breaches, Nash adds “we need to be at the forefront of protecting Australia’s sports and leisure sectors.

“We anticipate CBR to ‘change the game’ for all leisure businesses who are at risk of their personal data being compromised, not only to protect them financially, but also from the legal, and reputational damage that comes with any type of data breach, which can be significant.

“We believe this type of protection is something that all sports and leisure sector businesses should strongly consider.”

Already established as a leading underwriter of personal accident, contingency, liability, travel and legal expense products, Sportscover’s reputation of being an innovative market leader has continued for over 35 years.

It sees this new product as being vital for Australia’s leisure industry as the threat of cyber-attacks and data breaches continues to grow.

In the 2023 financial year, the Australian Cyber Security Centre (ACSC) received approximately 94,000 cybercrime reports, up from 76,000 the previous year. Additionally, the Australian Government revealed the average cost of cybercrime per report rose by 14% from 2021/22, to $71,600 for large businesses, $97,200 for mid-size businesses and $46,000 for small businesses.

Click here to contact Sportscover Australia Pty Ltd via their entry in the Australasian Leisure Management Supplier Direectory.

Image credit: Shutterstock.

Related Articles

29th October 2024 - Perth gym owner jailed for faking own death and collecting life insurance payout

22nd October 2024 - Strategic Membership Solutions flags new threat to associations of AI-powered cyberattacks

15th October 2024 - Funlab targeted in ransomware attack

16th September 2024 - Insurer offers molestation liability cover for organisations entrusted with the care of minors

8th August 2024 - UBX fitness franchise co-founder helps promote new Cyber Wardens campaign

16th July 2024 - ‘Nullbulge’ hackers claim to have carried out major cyber attack on Disney

31st May 2024 - Ticketek Australia advise that customer accounts may have been accessed in cyber security breach

10th April 2024 - Gallagher offers fitness insurance solutions for gym owners, Pilates and yoga studios and instructors

9th February 2024 - CyberCX report indicates growing cyber risks to global sport

16th March 2023 - Raging Waters Sydney impacted by ransomware attack

24th December 2023 - Life Saving Victoria advises of cyber attack

11th October 2022 - Insurtech company Flip experiencing increasing interest from sport and fitness industries

2nd March 2022 - Sportscover Australia supports East Coast flood recovery effort with sports grants

31st January 2022 - New Zealand tourism businesses facing cybersecurity challenges

22nd December 2021 - AMPSEA partners with Sportscover to deliver National Insurance Scheme

17th December 2021 - Insurer Sportscover surprised by Small Business Ombudsman’s support for attractions mutual fund

1st July 2021 - Fitness and Lifestyle Group sign with Airlock Digital to protect against cyber attacks

12th January 2021 - Sportscover partners with Sport Climbing Australia to offer insurance for climbers

16th August 2019 - YMCA NSW locations impacted by ransomware attack

21st September 2014 - Sportscover backs Indigenous Marathon Project

4th July 2014 - Sportscover nominated as Employer of the Year

---

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

Click here to view our subscription options.