Businesses increasingly store or transmit:
- Customer names
- Email addresses
- Payment information
- Employee information
- Medical information
- Financial records
- Login credentials
A cyber incident can create significant financial and legal exposure.
Cyber insurance may provide coverage for qualifying events such as:
- Data breaches
- Ransomware
- Network interruption
- Privacy liability
- Data restoration
- Notification expenses
- Certain cybercrime exposures
General Liability should not automatically be assumed to cover cyber incidents.