There has never been a more important time to review your business’s cyber risk approach and adding Cyber Insurance to your protection toolkit
Cyber Incidents Are Growing
Alarmingly, it's not just large NZ institutions that are being targeted.
We have seen a surge in the number of New Zealand SME business falling foul of Cyber attacks from phishing attempts, ransomware, social engineering to malware attacks.
Cyber criminals look for vulnerabilities in your network. It's a rapidly evolving risk and you don't want to be the next victim of an attack.
You need to be prepared and well protected.
Let our team of cyber risk ninjas guide you through it.
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Cyber Risk Management is Your First Line of Defence
Talk to our team about measures to help prevent and prepare your business.
How Cyber Insurance Can Help Your Business?
Despite all your best efforts to prevent an attack, it happens and it can be very costly and stressful for a business to have to deal with. It can not only damage your businesses' bank balance but also its reputation.
Cyber insurance can play a key role in helping businesses respond to an attack and recover from it.
Each insurer has their own panel of experts that they can call upon and deploy quickly to assist you at this time including IT forensic consultants, PR consultants and legal representatives.
In summary a cyber policy will cover you for the following:
First-Party Loss
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Business income loss due to a cyber event
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Costs of data restoration and replication
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Breach and incident response costs
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Cyber extortion costs from Ransomware
Third-Party Loss
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Liability for costs and damages for claims arising from failure of network security and disclosure of privacy information
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Regulatory fines and penalties from a Privacy Regulatory Investigation
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Associated Legal Defence Costs