It's very difficult to ignore or deny the rising incidents in Cyber Crime. Examples of data theft ranging from the accidental release of customers’ details, credit card number theft and ‘denial of service’ attacks, which can suspend a company’s operations, are on the increase. Organisations require a tailored Cyber Liability policy to protect them for when data is compromised and systems break down.
Your business can suffer a loss in market value, reduced productivity and revenue due to business interruption, significant recovery costs and penalties, irreversible damage to the corporate brand and customer trust not to mention possible exposure to class action lawsuits. Cyber and Privacy Protection Insurance policies can be customised to your specific needs and can cover a broad range of first and third party risks, including those with emerging content and transactional exposures.
Cyber risk will increasingly get more complex for business, and will require businesses to be on the front foot to responsibly manage data breaches and efficiently deal with incidents and litigation.
Policy features include:
- Business interruption
- Data and communication loss
- Ransom management
- Privacy breaches
- Crisis and reputational liability
Assess your cyber risk here or contact our office today to speak with a specialist Cyber Liability broker today.