Cyber Liability
Cyber Liability provides defense and indemnification for losses caused by a data breach.
Online access to business banking accounts can create a cyber-breach incident where theft of funds can occur
Stored private data can also be exposed to a data breach that would cause a third party damages
If an employee unknowingly clicks on a phishing e-mail or misplaces their data save stick or laptop: they have potentially opened up their organizations to a breach
Do you have vendors providing services that could potentially create a cyber-breach liability exposure for your organization?
What types of damages could you be responsible for?
Third-party damages
Client notification expense
Credit Monitoring
Data recovery
Forensic investigating costs
Lawsuits arising from the breach
Reputation damage control