Cyber insurance is a specialized insurance product designed to help businesses mitigate the financial risks associated with cyber incidents such as data breaches, ransomware, malware and other forms of cybercrime.
Any organization that handles electronic data, conducts online transactions, or stores sensitive information can benefit from cyber insurance.
It provides financial protection, ensures compliance with regulations, and helps maintain customer trust in the event of a cyber incident.
A cyber-attack happens every 20 seconds. The loss, compromise or theft of electronic data can have a negative effect on a business, including the loss of customers and revenue. Business owners could be liable for damages stemming from the theft of third-party data.
Financial Protection
Business Continuity
Customer Trust
Regulatory Compliance
Risk Management
Reputation Protection
Vendor Requirements
Peace of Mind
Any loss, compromise, theft of electronic data or computer systems can severely impact your business. This can result in a loss of customer confidence or incur significant financial costs to recover from such an attack.
Cyber insurance helps mitigate this financial risk, preventing your business from bearing the full burden out of pocket. Here's what you get covered for:
Business operation can be severely impacted by corruption and/or encryption of your data assets and computer systems, costing your company time and money
In typical ransomware attacks, your company's data assets and computer systems can be held hostage by cyber criminals, in exchange for large ransoms
According to Singapore's PDPA, regulatory fines could be handed out in the event of breach of privacy like leaked customer data
Third-party damages can occur in the event of a cyber attack, affecting the operations of your vendors and partners
Dealing with cyber attacks may require additional expenses such as IT forensics, data restoration and privacy response
Please fill up the form, we will contact you within 24 hours.
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