The cost of fixing a data breach for 1,000 records is between £33 - £35 per record. (Source: Verizon Data Breach Investigations Report, May 2015).
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Cyber and data risks insurance cover information
Its Insured are able to provide comprehensive Insurance products to cover your business in the event your computer systems and/or data are hacked!
The type of costs your business may incur directly as a result of an incident are for example:
This is when a hacker tries to hold your business to ransom, Its Insured can provide you with cover for this eventuality.
Our Cyber Liability policies include cover in the event of a data breach (electronic or otherwise), our policies include any forensic investigations that may be necessary and legal advice.
Cyber business interruption
Our policies in the event of a claim, will compensate your business for loss of income, including income in respect of loss of reputation, for example if your system has been targeted by a hacker and prevents your business from earning revenue.
Our insurers will reimburse you for losses directly paid or incurred by you (E-Threat Response Costs), Damages and Defence costs.
We have different levels of cover and options available for you to choose to ensure you get the right protection for your business.
REMEMBER: It is essential to protect your business and website against unauthorised access! You must ensure your client's personal information is handled securely both on and off-line!
To obtain a quotation for Cyber Liability Insurance or for further information please CONTACT US.
Marina Webster t/a Its Insured is an Appointed Representative of Momentum Broker Solutions Limited. Momentum Broker Solutions Limited is Authorised and regulated by the Financial Conduct Authority under reference number: 526435
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