Resilient – Vigilant – Trusted
Insuring Your Digital Tomorrow
Cyber Security Insurance protects businesses against financial losses resulting from cyber-related incidents. This includes data breaches, hacking, ransomware attacks, and other forms of cyber crime. It typically covers costs such as legal fees, data recovery, business interruption, customer notification, and even crisis management.
As businesses in Singapore increasingly rely on digital systems, cyber insurance has become essential to safeguard sensitive data and maintain business continuity in the face of growing cyber threats.
Key Features
Security & Privacy liability
Liability and claims expenses incurred, arising from a security breach or privacy breach by the company, outsourcers or independent contractors.
Privacy regulatory defense & penalties
Resulting from civil regulatory action, caused by a privacy breach or breach of privacy regulations.
Crisis management event costs
Legal costs to comply with privacy regulations, credit monitoring, PR, legally required notification costs, resulting from a security data breach, privacy breach or breach of privacy regulations.
Cyber extortion
Extortion expenses and monies paid resulting from a threat to destroy or release a company’s digital assets which are acquired by unauthorized access.
Loss of digital assets
Expenses & costs incurred resulting from damage, alteration, theft, destruction of the company’s digital assets caused by DOS, malicious code, unauthorized access/use to computer system.
Business interruption expenses
Income loss and extra expense resulting from a total or partial failure of the computer system caused by DOS, malicious code, unauthorized access/use to computer system.