Cyberattack? Minimize the impact on your housing association

A serious cyber incident can severely disrupt the operations of a housing association, potentially leading to significant financial consequences. Think of the loss of tenant data or reputational damage. It’s not uncommon for an association to be partially or even completely out of operation for weeks, with costs quickly adding up. "To minimize the damage, swiftly and effectively engaging external expertise is essential," says Tom Rijgersberg, Senior Practice Leader Cyber at Meijers. "In most cases, the knowledge of an in-house IT team or provider is insufficient. The ability to escalate calmly, quickly, and efficiently to experts is absolutely crucial. The key is to avoid the most common mistake—many associations still believe they can handle the aftermath of a cyberattack internally."

Investigation and legal support

A thorough expert investigation is essential to determine the root cause of the attack. How did the cyberattack occur? Are there still active threats? And how can they be eliminated? In many cases, legal support is also necessary. As you can imagine, external costs can quickly escalate.

Communication and reputation management

During a cyber incident, clear and timely communication with the outside world is crucial. Tenants need to be informed about the impact on their personal data and privacy, while stakeholders must be reassured to protect your reputation. Engaging specialized external experts in these areas is often necessary—but it also comes with significant costs.

Cyber insurance is the all-in-one solution

According to Rijgersberg, a comprehensive cyber risk insurance policy is the ultimate solution. “It not only covers the financial impact of a cyberattack but also provides access to the necessary experts. You receive a 24/7 emergency hotline, giving you immediate access to a network of experienced specialists who support you in all critical areas.” With the right cyber insurance, housing associations can ensure business continuity, safeguard their operations, and minimize the financial impact of a cyber incident.

Your partner in managing cyber risks

Meijers is here to advise you on preventive measures and provide the right cyber insurance. We also guide you through the sometimes overwhelming landscape of additional security services. With our in-depth market knowledge, we help you find the best solutions tailored to your specific needs.

Questions?
Feel free to contact us.