In an age of rapidly growing cyber-crime, can you afford not to have Cyber Privacy & Security coverage?
Data Privacy/Network Security/Cyber Coverage
Did you know that, since 2004, 60% of data breaches have occurred at small to mid-sized businesses? 2015 is off to a historical start with two of the highest profile breaches in Anthem and Sony. In 2014 alone there were 295 breaches made public, compromising over 67 million personal records, and a staggering 816 million since 2005. A special onus has been placed on safeguarding client’s personal information as federal and state governments are proposing stringent new legislation to regulate breaches of privacy. In an age of rapidly growing cyber-crime, can you afford NOT to have Cyber Privacy & Security coverage?
Security & Privacy Liability
Responds to third party claims arising out of a breach of the insured’s Network Security or other private information. This includes coverage for paper and electronic information, virus attacks, denial of service, and failure to prevent transmission of malicious code.
Regulatory Defense & Penalties
Coverage for defense costs, fines and penalties for violations of privacy regulations, including, federal, state, local, and foreign investigative demands or civil proceedings.
The average high net worth individual has over 20 entry points through the Internet of Things. Whether you own a smart home, a smart car, or a smart TV, or Alexa helps you play your music, you have created entry points for Cyber criminals. The high net worth carriers offer coverage up to $1M in limits to protect you from cyber fraud, cyber bullying, and cyber ransom. Learn more.
Provides coverage for both online and offline media, including claims alleging copyright/trademark infringement, libel/slander, advertising, and plagiarism.
Breach Response Costs
Provides coverage for first party data breach expenses including: breach coach/legal costs, computer forensic costs, notification, credit monitoring and call center services along with public relations and crisis management costs.
Cyber Extortion Coverage
Will pay extortion expenses and extortion monies as a direct result of a credible cyber extortion threat. This coverage also includes the cost of an investigation to determine the cause of the threat.
Cyber Business Interruption & Data Restoration
Provides first party coverage for loss of income, extra expense and the cost to restore damaged, deleted, or altered digital assets.
PCI Fines & Penalties
Provides coverage for fines and penalties levied by a card association or acquiring bank demanding monetary assessment due to the insured’s non-compliance with Payment Card Industry Data Security Standards (PCI DSS).
Coverage for income loss and interruption expenses as a result of the total or partial interruption of the insured’s computer system due to a cyber terrorism attack.