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 ?

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• 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

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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.