Cyber Insurance helps you recover from a Cyber Attack

A cyber attack is “any digital attack or interference, whether by a hacker or otherwise, attempting or resulting in extraction of information; disruption of access to or the operation of; or damage to: any data or computer or digital technology, including but not limited to any programs designed to damage, disrupt, extract data from, or gain access to any data or computer or digital technology including, but not limited to, malware, wipers, worms, trojans, rootkits, spyware, dishonest adware, crimeware, ransomware, crypto-jacking and other malicious software or viruses; or denial of service attack or distributed denial of service attack”

Cyber Insurance can cover the following after a Cyber Attack

Forensic Costs

Computer forensic analysis conducted by outside forensic experts to: confirm whether or not a breach has occurred; identify any affected data subjects; stop or contain the breach; and legal fees necessary for the preservation of the privilege or confidentiality of forensic reports and findings.

Personal Data Breach

The following reasonable and necessary costs incurred by you with prior written agreement in direct response to an actual or suspected breach: legal costs to: a. provide advice to you in connection with your investigation of a breach; assist with the preparation of notifications to any regulator and affected data subjects; and determine and pursue any indemnity under a written agreement with a third party; breach forensic costs; costs incurred to notify:  each affected data subject of the breach; and any regulatory body, including but not limited to the Information Commissioner’s Office, of the breach; where you are required by any law or regulation to do so or, where you do so voluntarily, you have previously sought and obtained our consent; costs you incur to use a third-party call centre to answer enquiries from affected data subjects following notification of the breach to such data subjects; credit monitoring costs; and costs to monitor the dark web for the appearance of any information accessed in the course of a breach.

Cyber Ransom Losses

Following a cyber attack against your computer system or the communication of an illegal threat: the reasonable and necessary fees of our appointed consultant, incurred by you with our prior written agreement, for advising you and the handling and negotiation of the ransom demand; the cost of, and reasonable costs in facilitating, any ransom demand from the third party or, if the demand is for goods or services, their market value at the time of the surrender; and the amount of any stolen ransom, where such theft occurs at or in transit to the agreed location for payment of the ransom.

Data Recovery Costs

The reasonable costs and expenses, necessarily incurred by you with our prior written agreement, to regain access to your data asset, or to replace, restore or repair your data asset from back-ups or originals.