Cyber Insurance aims to protect companies against losses associated with cyber attacks and data breaches.
Every company is a potential cyber target. This is especially true for digital asset companies, which have historically attracted attention from cyber criminals. With the increasing sophistication of cyber threats, having Cyber Insurance and Technology Errors & Omissions (Tech E&O) insurance is essential to safeguard against potentially devastating financial losses and operational disruptions.
Costs related to managing and mitigating a data breach, including notification, credit monitoring, and public relations.
Expenses and payments associated with responding to a cyber extortion threat.
Lost income and operating expenses during the downtime caused by a cyber incident.
Defense costs and fines resulting from regulatory investigations or proceedings following a data breach or cyber incident.
Costs associated with ransomware attacks, including ransom payments and recovery expenses.
Liability associated with the failure to perform a tech service.
