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Cyber Security insurance, also known as Cyber Liability insurance, is one of the fastest growing areas of cover as businesses become ever more reliant on technology.
WITH A COMPREHENSIVE CYBER INSURANCE POLICY, A BUSINESS WILL BE COVERED FROM BOTH LOSSES SUSTAINED BY A BREACH AS WELL AS ANY LIABILITY FOR DAMAGES THAT MAY BE CLAIMED BY A THIRD PARTY
Cyber insurance
24/7 emergency response for cyber-attacks and data disasters of all shapes and sizes. Sorts out the problem, handles the fallout and gets you back to business fast
Cyber insurance (also referred to as cyber risk or cyber liability insurance) is a form of cover designed to protect your business from threats in the digital age, such as data breaches or malicious cyber hacks on work computer systems.
In a world where cyber threats are varied (and constantly changing), cyber insurance can help your organisation to get back on its feet, should something cyber-related go wrong. Managing cyber incidents (such as ransomware, data breaches) may require in-depth technical knowledge. As well as minimising business disruption and providing financial protection during an incident, cyber insurance may help with any legal and regulatory actions after an incident.
Madankollu, before considering any cyber insurance, you can help protect your organisation by ensuring you have fundamental cyber security safeguards in place, such as those certified by Cyber Essentials, or Cyber Essentials Plus.
Note:
Cyber security insurance will not instantly solve all of your cyber security issues, and it will not prevent a cyber breach/attack. Just as homeowners with household insurance are expected to have adequate security measures in place, organisations must continue to put measures in place to protect what they care about.