Protection from malicious cyber-attacks, data breaches or potential hacks
Cyber Risk Insurance which is also often referred to as Cyber Liability Insurance, is a type of insurance cover that can protect you from some the threats that come as part in parcel of the world of digital.
This includes malicious cyber-attacks, data breaches or potential hacks. As a business, you are responsible for your own cyber security – but the right insurance can ensure you have protection.
- Protection against malware, ransomware and hacking
- Policies that are flexible based on your business requirements
- Security that you will be able to recover from a cyber-crime
Who needs cyber risk insurance?
If you have a business that uses or sends electronic data – you would definitely benefit from this type of insurance. Whether it is data that belongs to your business, or it just contains sensitive information – it could be at risk to a cyber-attack or data breach.
What are the common types of cybercrimes?
We can all fall victim to cybercrime – no matter how tech-savvy we are.
Our job is to protect you as much as possible when it comes to any risk associated with cybercrime.
The most common cybercrimes are:
Malware
Malicious software that can be installed in your systems. This can be part of a phishing scam, where a 3rd party can then access and steal your data.
Ransomware
A type of malware which can attack and encrypt your data. It could result in an attacker asking you for payment to return your data. It’s good practice to create a data recovery plan
Hacking
Typically where your whole system is taken over by hackers and all-important data can be accessed.
Frequently Asked Questions
If you have a business that uses or sends electronic data – you would definitely benefit from this type of insurance. Whether it is data that belongs to your business, or it just contains sensitive information – it could be at risk to a cyber attack or data breach.
Cyber risk insurance doesn’t cover your business if there is physical property damaged or destroyed, even if it contains sensitive data. It also won’t cover you if there has been any theft of intellectual property, or for any potential loss for future profits.
We can all fall victim to cybercrime – no matter how tech-savvy we are. The most common cybercrimes are:
- Malware, which is malicious software that can be installed in your systems. This can be part of a phishing scam, where a 3rd party can then access and steal your data
- Ransomware, which is a type of malware which can attack and encrypt your data. It could result in an attacker asking you for payment to return your data. It’s good practice to create a data recovery plan
- Hacking, which is typically where your whole system is taken over and all-important data can be accessed.