What is Cyber Crime Insurance?

Cyber Crime Insurance can provide coverage for personal data liability, corporate data liability, outsourcing liability, data security liability, data administrative investigations, data administrative fines, repair of the company’s reputation, repair of individual reputation, notification and monitoring costs, electronic data and defence costs. Cyber Crime Insurance can also provide optional coverage for media content, cyber extortion and network interruption.

Why do I need Cyber Crime Insurance?

Virtually all companies handle data and personal corporate information on a daily basis, whether it be identity card numbers and corresponding profiles of employees, credit card information, sensitive demographic information about customers, information on budgets, customer lists, share prospectus or marketing plans. The same companies face very real liability issues if such data were to fall into the wrong hands or enter the public domain.