Despite all the technical advances and awareness, cyber crime and incidents seem more common and prevalent than ever before. It's not to say that say that all efforts are in vain, to the contrary: things could be a lot worse if not for the tireless efforts of security professionals. Nonetheless, breaches continue to happen and sensitive customer data keeps getting into the wrong hands creating a nightmare for companies entrusted to protect this data. Technical measures are great at prevention but offer no recourse after a breach. How does your organization manage or even survive the fallout from an incident? What processes are in place, if any, to address the challenges and risks from such an incident?
Cyber Liability Insurance has become more common in the past few years and more insurers are offering these products. They cover a variety of scenarios and offer key benefits including, but not limited to:
- Dollars set aside to assist in disaster recovery,
- Expert resources for breach management
- Notifications to affected customers.
- Public Relations
- Credit monitoring.
Contact us at info@aiminsurancefl.com to get more information.
