What is Cyber Insurance?
A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage, is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event
Benefits of Cyber Insurance
A cyber-attack is when an outside entity infiltrates your business's private network to shut down and steal your company's, your employees, and your clients, sensitive information. This stolen information can be used for ransom and disseminated to the public.
Cybersecurity insurance coverage includes the loss of sensitive information through a data breach after your company has permitted or failed to stop unsanctioned user access to your company network. Cyber insurance covers notification costs, litigation costs, fines and penalties.
Cyber insurance is not expensive when you use CyberPolicy for price comparisons between leading cybersecurity agencies.
Yes. Cyber insurance protects you in the event of a malware and phishing (and other network breaches) attack even if it has been caused by an employee.
Malware is used to disable and damage computers and networking systems.
Yes, there are different types of cyber-attacks. Types of attacks include: the Trojan Horse, Phishing, Unpatched Software and the most well-known of them all, Malware.
Need more info on Cyber Insurance?
For any inquiries relating to Cyber Insurance, Risk assessment and reinsurance, please fill in the form below.
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