Cyber Insurance
Cyber Insurance
The number of cybercrimes is constantly increasing, meaning more companies face risks from data breaches, ransomware, and other cybersecurity incidents. Although various tools and solutions in your cybersecurity platform help protect your company and prevent these breaches before they occur, your organization can still be held liable for sensitive information stolen due to a cyber risk event.
Cyber insurance minimizes your company's financial responsibility for any damage caused by a cybersecurity attack, helping to mitigate the financial impact if such an incident occurs. Consider it as an option to reduce the increasing cyber risk associated with conducting business online.
- Legal fees
- Recovery of affected customers' personal identities
- Recovery of compromised data (e.g., ransomware attacks)
- Total cost of repairing any damage to compromised computer systems
- Financial costs of notifying customers about potential data breaches
