CYBER AND DATA INSURANCE
Cyber Insurance and Data Insurance
Technology is advancing at a rapid pace and while that’s good news for business, cyber attacks pose an ever-present risk to security. As more companies turn to cloud technologies such as connected devices, websites, CRM platforms and digitalised supply chains, it’s more important than ever to protect your business from security breaches at every touchpoint, cyber insurance is the future.
In an environment where threats are constantly changing, evolving and becoming more sophisticated, it’s crucial to be proactive about security to reduce the risks of a breach.
There’s a broad range of cyber and data insurance packages out there, and we’ll find the best one to meet the unique needs of your business. We understand that a multinational corporation will have different needs to a small start-up and our in-house expertise gives us a deep understanding of the best insurance products on the market.
According to The Cyber Security Breaches Survey 2020, in 2019 alone:
- 46% of businesses reported a cyber security breach
- 32% experienced at least one every week
- 86% were targeted with phishing attacks
- One in 5 lost money or data as a result.
The best way to protect your business against an unknown threat is to be prepared. Cyber and data insurance doesn’t just help you get back on your feet in the event of a breach, the right package can also help you to get proactive about cyber security to prevent an incident from happening in the first place.
Most major breaches are caused by human error or known weaknesses in your systems, so it’s important to educate your users, stay informed about the latest threats and get expert advice on where you can improve your cyber security.
Comprehensive insurance coverage
If the worst should happen, we’re here for you with comprehensive insurance coverage. Packages may include:
- Privacy and security liability
- Breach response costs
- Payment card industry coverage
- Cyber extortion
- Business interruption
- Data restoration costs.
Get in touch to discuss your unique needs and tailor an insurance plan with AIBS. We’ll help you find the right package to get back up and running swiftly and mitigate the risks of another attack.