At this point in time, the question is not whether you will experience a cyber attack or data breach, the question is when will it happen. Strongly consider getting a quote for cyber and data breach insurance. Sometimes, as part of a management liability package, you may find some cyber liability coverage imbedded, so double check all of your current policies to determine whether or not you already have this valuable coverage. If you cannot find what you are looking for, feel free to reach out to us anytime.
What Does a Cyber Policy Cover?
Cyber Breach and Data Breach Liability is typically meant to cover at least one of these types of digital infiltration.
What are the types of Data Breaches?
- Password Breach
- Nuisance Breaches – Nothing really happens, but your data was compromised and may be used in the future at some point.
- Laptop, Mobile Phone, and Computer Thefts
- Deliberate Hacking
- Social Engineering and Fraud
- Stolen Files
- Email Breaches
CYBER EXTORTION COVERAGE
What does it do and what does it include?
Cyber extortion was developed by criminals for one purpose only, to separate people from their money. In this kind of digital extortion activity, criminals and those of ill repute will develop very intricate ways to steal your money. On one hand, you may receive an email with a malicious link attached and on another hand you make it a phone call. Most of the time it ends up with you missing all of your important computer files and the criminal requiring you to pay a ransom in order to get back you’re privileged and valued data.