Cyber-insurance is used to protect businesses from risks relating to information technology infrastructure and activities. Cybercrime is a new global threat and the damages are predicted to cost approximately £4.5 trillion annually by 2021.
Modern businesses can’t escape the vulnerability of cyber-risk, along with the financial impact of system interruptions, privacy and cybercrime events that are now felt within all industries. Businesses should bear in mind that modern day cyber-criminals are developing methods and products to disrupt systems for gain, disruption or revenge in an increasingly sophisticated way.
Our cyber-insurance is used to protect businesses from risks relating to information technology infrastructure and activities. Risks of this nature include:
- Exploit Kits
- Physical Manipulation
- Denial of Service
- Web-Based Attacks
- Intruder Threat
- IoT Vulnerabilities
- IoT for DDOS attacks
- Email/Social Engineering/Spear Phishing
Cybercrime is the largest threat facing businesses today, so a robust insurance policy is an essential purchase for any business. Cyber-Liability is maturing insurance coverage which provides indemnity in the event of the insured suffering a security breach. Cyber-Liability coverage includes reimbursement of legal and regulatory costs, IT security costs, crisis communication costs, privacy breach management costs and post-breach mediation costs.
While insurance can provide financial reimbursement in line with the policy limits and conditions, G&M International offers products which go considerably further. A 24 hour, 365-day helpline (also known as Breach Response) is provided which gives access to forensic accountants and lawyers, data recovery experts, PR companies and a whole host of professionals who can help in the mitigation of losses and the recovery of systems.
For further information about our Cyber insurance give us a call on +44 (0) 207 977 1490 or take a look at our Cyber Insurance Brochure.