Cyber Protection
Increasing reliance on and the use of data transfer across electronic platforms is a fact of business life. Internet loss or the inappropriate use of electronic mail does put a company at risk. Protecting and assisting businesses from the consequences of data breaches, the loss of sensitive company data and the consequences to a business from losing such information, in today's commercial world should be top of mind. aibGroup says the Key Aspects to Cyber Risk Policies are:
- Personal & Corporate Data Liability
- Outsourcing
- Data Security - resulting from any breach of duty
- Defence Costs
Coverage is provided to the:
- First and Third Party Loss (Loss to the insured plus liability for losses to 3rd Parties)
- Legal costs and Investigation costs
- Fines and penalties
- Notification and monitoring costs
- Repair of the Company's and Individuals Reputation