Cyber Liability Insurance provides coverage for organizations against risks associated with cyberattacks and data breaches. It protects businesses from financial losses resulting from unauthorized access to sensitive information, such as customer data or proprietary company information. This insurance typically covers expenses related to data recovery, legal fees, notification costs, and regulatory fines. It may also include coverage for business interruption losses caused by cyber incidents.
Cyber Liability Insurance is crucial for organizations of all sizes as it helps mitigate the financial impact of cyber threats and ensures a quicker recovery from cyber incidents. It is designed to address the evolving landscape of cyber risks, offering tailored protection in an increasingly digital world.
New EU Legislation came into force to bolster cybersecurity requirements to protect critical and digital infrastructure for applicable entities in member states
Here are 5 of the most important security controls you should have in place to reduce the risk of a cyber incident and, ultimately, lower the risk for your insurer
The frequency and severity of cyberattacks are ever increasing. Data breaches to steal personal information occur daily, but only the largest make the news
Cyber insurance remains a relatively immature although still-growing market in most industrialised countries. Insurance solutions by Lloyd`s
Direct premiums written in the cyber liability insurance market continued to grow in 2022-2024, seeing a 75% increase, far outpacing that of the overall property/casualty insurance
