Cyber Liability Insurance

What is Cyber Insurance?

Also known as Cyber Liability Insurance, it is there to protect your business, as well as you and your family from cyber-crime. It covers a whole host of possible security threats, including data breaches, network failures, cyber bullying and other malicious attacks on your digital landscape. 

Why you need Cyber Insurance?

A cyber-attack or data breach is expensive.

Cyber-crime has become the world’s fastest growing crime and more often than not, cyber-attacks are not appropriately covered by your standard business or personal insurance. Too often victims of a cyber-breach do not have the financial ability to rebound and lack the knowledge and resources to restore their digital reputation. 

Cyber Insurance offers two types of coverage: first-party and third-party. First-party coverage includes a company or persons own damages from covered cyber losses. Third-party coverage offers protection when a customer or partner sues you for allowing a data breach to happen. These occurrences can happen when a network security incident impacts their business and any of your electronic communications result in their defamation, infringe their trademarks and copyrights, or violate their privacy policies. Depending on your needs, you may choose either or both types of coverage. 
 

iBynd Cyber Liability Protects You Against:

  • Cyber Extortion
  • Cyber Financial Fraud
  • Deceptive Transfer Fraud
  • Cyber Breach of Privacy
  • Cyber Bullying
  • Cyber Disruption
  • Identity Theft
  • Electronic Data Restoration
  • Electronic Device Replacement

Get Cyber Liability Insurance from iBynd Today.