• Did you know

    6% of businesses report that they have suffered a confidentiality breach…

  • Did you know

    9% of businesses report that they have received phishing emails asking for data…

  • Did you know

    45% of businesses report that security incidents costs up to £120,000 per year…

What are my website risks?

Managing cyber-liability is about managing two aspects of website operations – managing the first party risks and managing the third party risks.

First party risks are risks that are principally (but not completely) affected by the state and nature of website security technology, systems and procedures. First party risks are mainly controlled by improving your website technical security.

The main first party risks you face are:

  • Physical damage to website operations
  • Loss of data, programs, software
  • Virus attacks
  • Denial of service attacks
  • Hacking and site penetrations
  • Website hijacking, threats and/or extortion
  • Credit card fraud, charge backs and phishing
  • Fidelity and fraud by employees
  • Sabotage and employee attacks

Third party risks are risks that are principally (but not completely) created by e-commerce trading. Mainly, they are risks of breaking laws and regulations and offending the rights of others. Third party risks are mainly controlled by improving your website legal security.

The main third party risks you face are:

  • Contract and consumer law
  • Jurisdictions of trading
  • General regulations and laws
  • IP and domain name infringements
  • Defamation, libel and falsehoods
  • Discrimination and harassment
  • Data protection
  • Confidence and privacy
  • Innocent transmissions

Please note for more information on first and third party risks please print off our articles    View articles