The information age allows us to collect more data, store more data and extract information around the globe 24/7. This access to private and sometimes sensitive information can significantly increase a company’s vulnerability to cyber security threats - any of which can result in significant out-of-pocket and reputational costs that can devastate the bottom line.
How prepared is your organisation for:
Gaps in Traditional Insurance
The World Wide Web has no boundaries and as business models evolve through the use of new technologies, so must traditional insurance programmes and risk management practices.
Businesses may be operating under the belief that their existing insurance policies are enough to cover their data security and privacy exposures. Unfortunately, this is not necessarily the case and traditional insurance policies may be inadequate to respond to the exposures organisations face today.
Consider these traditional policies:
To guard your business against the risk of a data security breach or the loss of confidential or personal information, consider seeking cover from an insurer that specialises in handling cyber risks, offers a full suite of integrated insurance solutions to help minimise gaps in coverage, and understands how to tailor coverage to your business.
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