News

21

Mar

Cyber And Data Risk: What Does It Mean For Your School?

 

Digital is dominating our school landscape. E-mail, networked computers, smart devices and the world-wide-web are integral to our operation as schools.

In addition, schools have access to highly sensitive data around children and staff - and the regulatory regime is tightening around our obligations and responsibilities in using and controlling this data.

We’ve seen a significant increase in threats to this data and our day to day operation in schools from hackers, viruses, malicious software. Many schools do not appreciate the time and cost involved to recover from an attack or breach.

Responding to these heightened threats and the risks they pose to schools, there have been significant developments within the Cyber and Data Risk Insurance sector, including its role in supporting and protecting a school should it fall victim to a data breach.

Is My School At Risk?

Ask yourself the following questions:

  • Do we hold sensitive data such as names, addresses, financial information or other confidential records?
  • Are we reliant upon computer systems and/or email and the Internet?
  • Do we have a website?
  • Do we operate a payment card industry (PCI) merchant services agreement?

Answering ‘yes’ to any of these questions means that you should carefully consider the protection a Cyber and Data Insurance policy might provide you.

Your Lloyds Bank Education Relationship Manager can discuss this and help you explore protection.

Back to News