About Cyber Insurance
The frequency and impact of cyberattacks have increased dramatically, causing significant disruptions in organization's operations, assets, and revenue streams. Businesses are being targeted because they’re vulnerable, rather than valuable. This trend highlights that no sector is immune from cyberattacks, emphasizing that cybersecurity is not solely an IT concern but rather a critical business risk.
What is Cyber insurance
Cyber insurance also known as cyber liability insurance covers the digital and intangible assets of your organization and helps you to recover financial, and operational costs resulting from security failures such as data breaches, ransomware, denial of service, social engineering and other types of cyberattacks.
What is Ransom attacks: the act of using malicious software to freeze or encrypt a victim’s data until they pay the requested demand.
What is Social engineering attacks: manipulating people into carrying out specific actions, or divulging information, that's of use to an attacker.
What does it cover:
A. First party losses (a business own losses)
• Extortion & ransomware
• IT forensic costs
• Electronic funds fraud
• Business interruption & loss of revenues
• Legal, regulatory and notification costs (GDPR related)
• Regulatory fines & penalties were deemed legally insurable (a major concern with GDPR)
• Crisis management
• Data restoration and repair
Cyber insurance also known as cyber liability insurance covers the digital and intangible assets of your organization and helps you to recover financial, and operational costs resulting from security failures such as data breaches, ransomware, denial of service, social engineering and other types of cyberattacks.
What is Ransom attacks: the act of using malicious software to freeze or encrypt a victim’s data until they pay the requested demand.
What is Social engineering attacks: manipulating people into carrying out specific actions, or divulging information, that's of use to an attacker.
What does it cover:
A. First party losses (a business own losses)
• Extortion & ransomware
• IT forensic costs
• Electronic funds fraud
• Business interruption & loss of revenues
• Legal, regulatory and notification costs (GDPR related)
• Regulatory fines & penalties were deemed legally insurable (a major concern with GDPR)
• Crisis management
• Data restoration and repair
B. Third party losses (a business’s liability to others)
• Network security
• Privacy liability
C. Cyber Risk Management Tools
• Phishing-focused employee training
• Cyber risk awareness videos
• Cyber risk rating reports
• Dark web monitoring
• Cyber incident response planning tools.
Events that are typically covered under a cyber policy:
• Phishing attack
• Privacy breach
• Hacking attack
• Trojan horse
• Denial of service attack
• Man-in-the-middle attack
• Compromised key attack
• Malware, spyware, ransomware
Who we help:
• Retailers
• Financial Institutions
• Healthcare providers
• Manufacturers
• Supply chain companies
• Professional services
• Construction companies
• Network security
• Privacy liability
C. Cyber Risk Management Tools
• Phishing-focused employee training
• Cyber risk awareness videos
• Cyber risk rating reports
• Dark web monitoring
• Cyber incident response planning tools.
Events that are typically covered under a cyber policy:
• Phishing attack
• Privacy breach
• Hacking attack
• Trojan horse
• Denial of service attack
• Man-in-the-middle attack
• Compromised key attack
• Malware, spyware, ransomware
Who we help:
• Retailers
• Financial Institutions
• Healthcare providers
• Manufacturers
• Supply chain companies
• Professional services
• Construction companies
