Today’s businesses rely on the internet for services such as online marketing, administrative functions, inventory management, credit card processing, and distribution controls. Any intrusion that disrupts delivery of these services can lead to brand and reputation damage, regulatory scrutiny, stakeholder dissatisfaction, and financial losses.
A data breach could cripple your business, costing you thousands or millions of pounds in lost sales, damages or sanctions.
Cyber Liability provides cover against damage from cyber-attacks, data breaches and other basic risks resulting from electronic communications and data storage. Cyber Liability Insurance will often cover the cost of recreating damaged or lost data – but will not include costs that stem from the loss or damage, such as legal expenses and data notification costs.