CYBER & CRIME INSURANCE

Cyber & Crime Insurance

Cyber Insurance is one of the biggest threats to businesses and individuals worldwide. Yet, a study has shown that only 23% of companies in the UK have cover in place. We still see many clients without having any cyber cover or sufficient cyber cover in place.

Cyber Liability Insurance is arguably one of the most essential and relevant insurance products that have been developed in the industry.

It is relevant for individuals as much as it is for a business of all sizes, Offices, SME Businesses and corporate.

Cyber data and crime insurance will protect your business against financial loss relating to damage to or loss of information from IT systems and networks. It is vitally important for companies to consider cover for cyber, date and crime insurance.

Cyber criminals are constantly evolving, taking into account new opportunities to exploit businesses in new and different ways. According to the Government’s Cyber Security Breaches Survey 2020*, the extent of cyber security threats has, far from reducing, in fact, evolved and became more frequent.

Fraud, data theft, social engineering, email phishing, viruses and password attacks to malware and ransomware are all examples of Cyber threats. Criminals will attempt to fool you into parting with money, information or both.  This can be damaging to you and your business and, in most cases, will lead to a financial loss to your business.

First-party liability cyber cover 

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Loss or destruction to data or software programmes

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Interruption to your business network, resulting in downtime to your business systems.

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Cyber and data extortion where cybercriminals threaten to damage or release data if money is not paid to them

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Costs of notifying customers / third parties when there is a legal or regulatory requirement to inform them of a security or privacy breach

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Repairs or replacement of IT software following damages caused

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Regulatory actions and investigations and court attendance costs

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Crisis communication costs

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Damage caused to your business reputation arises from a data breach that results in loss of intellectual property or customers

Protecting your customers’ assets with Third Party Liability Data cover 

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Security/privacy breaches, investigation and defence costs

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Multi-media liability, to protect investigation costs, defence costs and civil damages

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Loss of third-party data, resulting in payment of compensation to customers for denial of access and failure of systems or software

Atticus, The Insurance Solution

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