Cyber Liability Insurance
With internet usage rising exponentially, cyber-attacked has become a common parlance. Internet sites, corporate data and information, though secured, are vulnerable to cyber attacks.
Malicious activities against Indian networks have originated from hosts in 20 countries: Emphasising the amorphous nature of cyber-attack, sources clarify that could have been routed through those countries without the hosts even being aware of this activity. During the same period, several attacks abroad were detected as originating from hosts located in India.
Cyber liability insurance protects businesses against liability and expenses arising from the theft or loss of data, as well as liability and expenses arising from a breach of data security or privacy, particularly when you are hosting client information.
Cyber liability insurance policies typically include coverage for:
Denial of service attacks or inability to access websites or systems- Unauthorized access to, use of, or tampering with data
- Disclosure of confidential data (invasion of privacy)
- Loss of data or digital assets (malicious or accidental)
- Introduction of malicious code or viruses
- Cyber extortion or terrorism threats
- Personal media injury (defamation, libel, or slander) from electronic content
- Regulatory action, notification, or defense expenses
- Crisis management and public relations expenses
- Data or system restoration
- Business interruption expenses
Note: Policy details given are indicative, not exhaustive. Please contact us for further details.