bto solicitors - Corporate & Commercial Business Lawyers Glasgow Edinburgh Scotland

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    "Consistently high-quality work and client-friendly approach." Chambers UK

Cyber Risk

 


Insurance Matters – Emergency Contact Details

Until further notice, BTO does not accept service of any document or motion by email unless a solicitor at BTO responds positively to advise BTO are doing so. If you have no response within 24 hours and you need urgent assistance please email insurance@bto.co.uk

During the ongoing COVID-19 event if you are unable to contact any relevant individual at BTO by telephone or email please use our emergency contacts as follows:-

Email – insurance@bto.co.uk
Telephone hotline +44 (0) 141 225 4850

 

 
The ABI confirms that `The UK Government estimates 93% of large corporations and 76% of small businesses reported a cyber breach in 2012; and that the cost for a cyber-security breach is £110,000-£250,000 for large businesses and £15,000-£30,000 for smaller ones.`

A recent survey in the UK found that loss of reputation and brand value and cyber crime have leapt up the risk table to second and third place respectively, after business interruption. The risks affect both insurers and businesses alike.

The EU intends to enact a new General Data Protection Regulation conferring upon national regulators the ability to fine organisations up to €100m or 5% of global turnover for data breaches. This increase in potential liability from the regulator is significant.

In the event of a `cyber breach` organisations also face the prospect of claims by third parties, for example for breach of contract, defamation, and data protection issues.

Our team provides comprehensive advice arising from cyber breaches. We advise in relation to regulatory breaches and commercial disputes. In 2013, BTO successfully overturned a £250,000 data protection fine imposed on a Scottish Council, the only successful UK appeal against a fine under the Data Protection Act 1998.

Contact: 

Paul Motion, Partner prm@bto.co.uk T: 0131 222 2939 

Angus Crawford, Partner akc@bto.co.uk T. 0141 221 8012 (insurance)

 

“The level of service has always been excellent, with properly experienced solicitors dealing with appropriate cases" Legal 500

Contact BTO

Glasgow

  • 48 St. Vincent Street
  • Glasgow
  • G2 5HS
  • T:+44 (0)141 221 8012
  • F:+44 (0)141 221 7803

Edinburgh

  • One Edinburgh Quay
  • Edinburgh
  • EH3 9QG
  • T:+44 (0)131 222 2939
  • F:+44 (0)131 222 2949

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