Lycetts rolls out ABI-built cybersecurity tool

New service developed in collaboration with National Cyber Security Centre experts

Lycetts rolls out ABI-built cybersecurity tool


By Terry Gangcuangco

Lycetts has rolled out a cybersecurity tool that was built by the Association of British Insurers (ABI) for the Newcastle-based broker in collaboration with National Cyber Security Centre experts.

Called “Cyber Safety Tool,” the new service is aimed at helping protect businesses against the more than 6,500 cybercrimes transpiring in the UK on a daily basis. In an emailed release, Lycetts noted that good cyber posture can prevent over 80% of cyberattacks, an incident of which normally costs firms around £15,300.

“Small businesses are particularly vulnerable, and the Lycetts Cyber Safety Tool can assist time-constrained company owners in understanding their cyber vulnerabilities and implementing effective protective measures,” Lee Musgrove, senior account executive at Lycetts, said.

“It’s a diagnostic solution that offers a free, comprehensive, and tailored set of recommendations to bolster businesses’ cybersecurity.”

Meanwhile ABI policy adviser for general insurance Lucy Fraser commented: “Our initial testing showed that even seemingly minor cyber issues can leave most businesses – especially small companies that don’t have specific IT teams – vulnerable to attack.

“By using the Cyber Safety Tool, they will be alerted to any existing vulnerabilities and will know which changes they can implement to boost their defences.”

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