With more and more businesses relying on technology, the severity and number of cyber-attacks are steadily increasing every year. In Australia, cyber-attacks are among the top risks for businesses.
Because of cyber-attacks, you or your business may need to bear large expenses such as crisis management costs, system restoration costs, extortion costs, and huge fines from regulators.
From a complicated cyber-attack leading to the loss of sensitive customer information to a simple incident like sending an email with an incorrect file attachment, cyber-attacks can be of different natures.
Cyber Insurance refers to a specialised insurance solution designed to safeguard businesses against the expenses they need to bear in the event of a cyber-attack.
A Cyber Insurance policy can give cover for:
- Cybercrime (includes theft of personal funds and social engineering)
- Cyber incident response costs (legal, IT forensics, crisis communication, breach notification, etc.)
- Ransom attack / Cyber extortion
- Data destruction
- System damage
- Cyber and privacy liability
- System business interruption
- Multimedia liability
- Management liability (occurs due to a cyber-attack)
- Reputation harm
Submit the Online Quote Request form or call us now to discuss your requirements with one of our insurance experts.
