Cyber Insurance: Protecting Your Digital Assets Safely.
Using Technology is inevitable, using Cyber insurance we can assure that your Operations are not interrupted or the inconvenience is to the bare minimum.
In today’s technology-driven landscape, cyber exposure is a reality for almost every client. The prevalence of ransomware and cybercrime continues to rise, making data breaches and intrusions more likely, even for small businesses. The consequences of successful hacking can be severe, resulting in the loss or misuse of confidential data, privacy breaches, and unauthorized access to sensitive information. As technology use carries inherent risks, we are here to help mitigate such threats by crafting customized coverage aligned with your current & anticipated activities. At Deinon, our dedicated and knowledgeable cyber specialist team excels in Cyber Reinsurance and Cyber Security. As the solutions in this realm are ever-evolving, we adapt our Risk Management strategies to cater to your unique needs.
We constantly work towards bringing the right cyber policies to you with adequate coverage. Our services extend not only to Risk Transfer but also Risk Management. Claims are SOS in nature and hence we provide immediate support to ensure our product supports & defends the attack to ensure continuity of activities.
Perils Covered
• Financial losses related to business interruption, additional cost for reinstating the services.
• Costs related to appointing an event manager to who will advise and oversea the reinstatement of the interruption, investigate the cause of the interruption including appointment of a forensic expert.
• Possible legal liability to customers.
• Liability towards fines and penalties.
• Actual or suspected disclosure of or unauthorized access to Personally identifiable Information (P|I) including payment card information, customer bank details or Protected Health Information.
• Failure to adequatelv inform affected individual of privacy breach.
• Breach of rights of confidentiality as a direct result of failure to maintain the confidentiality of any data pertaining to an employee or a senior executive officer.
• actual or suspected disclosure of or unauthorized access to data or data for which one is responsible.
• Introduce malware, or the actual introduction of malware, including Ransomware, into your critical systems.
• Prevent access to your critical systems or data or any third-party systems hosting your applications or data, including technology supply chain partners.
• Reveal your confidential information or confidential information entrusted to you.
• Damage your brand or reputation by posting false or misleading comments about you on social media sites.
Direct loss of profits and reasonable and necessary additional expenditure including:
• Legal liability to customers.
• Additional costs for sourcing products or services from alternative sources in order to meet contractual obligations.
• Additional costs for additional manpower in order to reinstate the business.
• Additional costs of employing specialist consultant including IT forensic consultants.
• Additional cost associated with operating your disaster recovery site over and above any standard costs.
The above is a brief information of the covers available under the Policy. Please request a copy of the Insurer’s Terms & Conditions of the policy which shall be binding and considered as the final basis for the settlement of any dispute.
For more information. please write to liability-health@deinon.ae
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