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Cyber Liability

When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruptions, lost revenue and litigation.

 

What does it cover ?

  • Meeting extortion demands from a ransomware attack

  • Notifying customers when a security breach has occurred

  • Paying legal fees levied as a result of privacy violations

  • Hiring computer forensics experts to recover compromised data

  • Restoring identities of customers whose PII was compromised

  • Recovering data that has been altered or stolen

  • Repairing or replacing damaged or compromised computer systems

Cyber liability coverage is important to protect businesses against the risk of cyber events, including those associated with terrorism. Cyber-risk coverage can assist in the timely remediation of cyber attacks and incidents.

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