Cyber Insurance

Cyber Insurance

Cyber losses are extremely costly. Just one stolen laptop that contains personal and confidential data can cost a business an average of USD $39,000. According to research by Ponemon Institute, this cost includes the laptop and stored data, as well as damage related to criminal use of stolen data.2 With 91% of companies dealing with tablet and laptop thefts and/or losses.

As viruses, data leaks and cyber attacks become more commonplace, Canadian insurers are developing coverage options to help businesses manage critical liability risks. With hidden vulnerabilities coming to light only after a successful attack, standard best practices for cyber risk management are developing.

Contact us to discuss options and coverage available.

For info and quotations, please click here.

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