Who we can help
A closer look at your exposure.
Businesses and organizations that rely on networks, handle sensitive information or use electronic payments.
A breach, ransomware attack or compromised supplier can interrupt operations and create urgent decisions. Breach response, lost revenue, liability and fraudulent transfers need separate attention.
What to discuss with your broker
Incident response
Discuss access to forensic, legal, notification and recovery services following a covered incident.
Business interruption
Review waiting periods, system outages, dependent providers and the period of indemnity.
Privacy & network liability
Consider allegations involving compromised data or network security and related defence costs.
Cybercrime & fraud
Review social engineering, funds-transfer fraud, verification procedures and applicable sublimits.
These are areas to consider, not a promise of coverage. Options, exclusions, limits and availability depend on the insurer and your circumstances.
Have a useful first conversation.
If available, have the following information ready. Your broker will tell you what is needed for a formal submission.
- Revenue, industry, locations and sensitive data held
- Multifactor authentication, backups, patching and endpoint protection
- Key IT providers and business continuity arrangements
- Prior incidents and controls for payment changes
A question worth asking
Will cyber insurance cover every fraudulent payment?
No. Social engineering and funds-transfer fraud depend on the wording, sublimits and required controls. Tell your broker how payments are authorized and how changes to banking instructions are verified.