In today’s connected environment, cyber security is a widespread concern. Yet analysts fear that, across many different industry sectors some companies are failing to take their responsibilities seriously. All too often, businesses do not fully understand their organisation’s cyber and data privacy risks until an event occurs.
Coverage Highlights
Cyber Enterprise Risk Management is an end-to-end risk management solution, designed to meet the needs of middle-market and larger companies as well as multinationals in South Africa and Sub-Saharan Africa. It includes a wide range of cyber risk assessment, post-event crisis management and risk transfer solutions to address the growing enterprise-wide cyber and data privacy risks facing companies of all sizes. The policy provides comprehensive cyber risk cover, including first party business income loss, data restoration and cyber extortion, third party liability arising from privacy and security incidents, and crisis response costs.
- Business interruption loss due to a network security failure or attack, human errors, or programming errors
- Data loss and restoration including decontamination and recovery
- Incident response and investigation costs, supported by a 24/7/365 multilingual incident reporting hotline and on-demand vendors
- Delay, disruption, and acceleration costs from a business interruption event
- Legal costs including exercising contractual indemnity
- Crisis communications and reputational mitigation expenses
- Liability arising from failure to maintain confidentiality of data
- Liability arising from unauthorised use of your network
- Network or data extortion/ blackmail (where insurable)
- Online media liability
- Regulatory investigation
