When a cyberattack hits, the costs can quickly spiral:
- Handling the immediate breach, investigation and recovery.
- Managing the aftermath: repairing brand damage, court costs, external consultant fees like IT security, PR, legal, and communications, as well as potential fines or penalties.
- Keeping this expertise in-house or on retainer can be expensive.
Cyber insurance enables companies to transfer some of the financial risks associated with cyber threats to the insurer. Our policy covers you for: