Cyber ​​insurance is designed to protect businesses from the costs of cyberattacks, threats from internal employees, and corporate liability for data breaches when personal information is disclosed or stolen.

Protecting your business from cybercrime and its devastating costs is a top priority as Australia remains a major destination for international cybercrime.

Data breaches that expose personally identifiable information and intellectual property can result in regulatory fines and penalties, public relations costs, credit scrutiny, and more.  

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Cyber insurance can help cover financial losses to your business, your customers and other parties following a cyber security breach.

 

This might include costs associated with:

 

• Loss of revenue due to interrupted business

• Hiring negotiators and paying ransom

• Recovering or replacing your records or data

• Liability and loss of third party data

• Defence of legal claims

• Investigation by a government regulator

• Copyright infringement

• Misuse of intellectual property online

• Crisis management and monitoring

• Prevention of further attacks

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Contact the team at Ascot Insurance Group to help review and seek alternative quotes on your needs for an Cyber Liability & Risk policy.

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