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From national health systems to credit card companies to email providers, the size and scope of cyber attacks in recent years has grown exponentially. Along the way, millions of email logins have been compromised, companies' trade secrets have been exposed, and countless consumers' financial data has been made insecure. In other words, the threat from cyber piracy is very real, and it's one that businesses of all sizes need to take seriously. Hackers' tactics are constantly evolving, and even the most secure data protection measures are no guarantee against a breach. That's where cyber liability insurance comes in.
Cyber liability insurance will not prevent an attack from happening, but it can cover some of the costs that arise after an attack occurs. Cyber liability coverage will vary based on organizational needs, but at a minimum, it can help ensure that a company is in compliance with any breach notice requirements. State statutes and regulations generally require companies to notify consumers of a data breach involving personally identifiable information. Basic policies also often cover indemnification for legal fees and costs for recovering data and restoring damaged systems, and they can additionally offer continual monitoring of impacted data for a specific period of time. Cyber liability policies available through AmVenture can also provide coverage for Website Media Content Liability, Regulatory Defense and Penalties, and PCI Fines, Expenses and Costs.
The cost and scope of cyber liability protection will depend on a company's risk profile and size. Request a free quote from AmVenture today to help protect your bottom line. Because cyber attacks are constantly evolving, AmVenture cyber policy insurance solutions are both flexible and responsive to changing threats. With years of experience offering insurance solutions to businesses, AmVenture is positioned to help effectively navigate through the threat from cyber piracy.
Speak to an AmVenture representative today about how to help protect your business with cyber liability insurance.
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