Traditional insurance policies were not designed for the new risks businesses face in a digital age. Businesses now face a new raft of exposures that can bring the potential for significant financial loss.
Unfortunately, it is an area of increasing risk with the number of incidents growing year on year.
There are a range of products available to protect against these exposures. However, no two policies are the same with considerable variances in policy cover. Our recommendation is to seek skilled advice in finding what is right for you.
What protection is available?
Social Engineering Fraud, including mandate fraud.
Ransomware and Cyber Extortion, help, support, advice in managing the situation and payment of ransom.
Business interruption following a cyber incident
Damage by hacker, repair and restoration to systems, websites and data.
Costs following a data breach, including advice , investigation and regulatory notifications.
Crisis containment, mitigating reputational damage
Privacy & Data protection, liability to third parties following a data breach, including regulatory investigation costa and fines where allowed.
Multimedia liability, accidental infringement of copyright and inadvertent libel via an electronic communication.