Cyber Coverage
48% of cyber attacks target small businesses • Cyber crime damages are expected to reach $6 TRILLION by 2021 • It's estimated that 1 in 131 emails contains malware • It takes businesses an average of 197 days to detect a breach
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- Cyber Attack coverage is defined as:
- An unauthorized person gaining access to the Insured's computer system
- A virus or other malware attack
- A denial of service attack - Cyber Attack coverage is a 1st party coverage, which means it protects your business and it includes:
- Data restoration
- System restoration
- Data recreation
- Loss of income
- Public relations
- Cyber extortion
- Cyber Liability Coverage is a 3rd party coverage, which means it protects your business in the event of a lawsuit brought on by someones else resulting from damages due to security weaknesses in the business' computer system.Those damages can be:
- A breech of 3rd party business data
- An unintended distribution of malware
- A denial of service attack in which the insured unintentionally participated - Our CyberSecure coverage provides protection for both cyber attack and cyber liability.Interested in adding our CyberSecure coverage to your policy? Contact you State Auto agent today!
- Looking for more information? Check out the Cyber Risk Insurance webpage from our partners at Munich RE & Hartford Steam Boiler and this Cyber Attack Infographic.
- Cyber Attack coverage is defined as:
Tips for talking with your agent:
- Have a list of where your data is stored, such as your business's finances, customer payment transactions, what information do you keep or access on mobile devices or tablets and employee data.
- Ask about federal and state regulations and your responsibility.
- Discuss steps you've already taken to protect your and your customer's data to determine if there are gaps or additional resources available.