Frequently Asked Questions

Everything you need to know about us, the insurance coverage, product and billing.

What is RiskA's mission?

At RiskA, we understand that cybersecurity compliance isn't sexy.  Our mission is simple: We, as the experts in cyber insurance, assist Australian businesses in understanding and reducing their cyber risk profile to provide them with cost-effective solutions that truly meet their business needs.  We achieve this in three key ways.  

1. Go to the experts 
At RiskA, we form strategic partnerships with leading Australian IT Managed Service Providers (MSPs). This collaboration allows us to leverage their expertise in secure IT asset management, which in turn helps us to accurately assess risk and offer tailored insurance solutions to their customers. This unique partnership ensures that our clients receive the most comprehensive and effective cyber insurance services. 

2. Look under the hood 
Our cyber insurance risk audit services, delivered by our team of locally based IT security consultants, provide a comprehensive and independent assessment of your IT environment and risk profile. This ensures that we can accurately represent your risk and compliance to insurers, giving you the peace of mind you need to focus on your business.  

3. Guardian oversight 
The RiskA Guardian dashboard is an agentless cyber governance tool that allows you to track your business's cyber security status and recommendations in real-time.  

We are dedicated to proactively helping our customers increase cyber security compliance while offering insurance at a price that meets their budget and accurately reflects their risk exposure. This commitment ensures you are always one step ahead in cybersecurity. 

How does RiskA ensure accurate representation of cyber risk?

We deliver an independent evaluation of your business through our Cyber Insurance Risk Audit. This audit enables us to accurately represent your risk profile to insurers, ensuring that the cyber insurance provided is tailored precisely to your requirements.

What does the audit report include?

The audit report outlines recommendations to strengthen your cyber security posture. It provides clear action items that can be swiftly implemented by your internal IT teams or service providers to reduce your risk and insurance costs.

Does RiskA offer consultation on audit findings?

Yes, we provide a dedicated call with our locally based IT security consultants to present our findings and recommendations. This proactive approach allows for enhanced safeguards against cyber threats while reducing the cost of cyber insurance.

How does RiskA assist Australian businesses with cyber security compliance?

We partner directly with Australian IT Managed Service Providers (MSPs) and offer cyber insurance risk audit services conducted by our team of locally based IT security consultants. Additionally, our RiskA Guardian dashboard provides real-time cyber security status and recommendations for your business.

Why choose RiskA for cyber insurance?

We partner directly with Australian IT Managed Service Providers (MSPs) and offer cyber insurance risk audit services conducted by our team of locally based IT security consultants. Additionally, our RiskA Guardian dashboard provides real-time cyber security status and recommendations for your business.

Why should Cyber Insurance be important to my business?

Understanding the significance of cyber insurance is crucial in today's digital landscape. Here are some notable statistics regarding cyber security in Australia:

• Between 2018-2020, approximately 10% of Australian businesses reported an internet security incident or breach.

• In FY22, medium-sized Australian businesses reported an average loss per cyber incident of $88K.

• Currently, only 20% of small to medium businesses in Australia have standalone cyber insurance.These statistics highlight the increasing threat of cyber attacks and the potential financial repercussions for businesses.


Cyber insurance provides vital protection against these risks, offering financial support and resources to mitigate the impact of cyber incidents. It ensures peace of mind, safeguarding your business's assets, reputation, and continuity in the face of evolving cyber threats.