When your house is on fire – you call the fire department.
When your need medical assistance – you call the paramedic.
But who do you call when your cyber security is breached?
Many organizations rely on collecting, storing, and transferring personal information about their employees and customers on their network. This puts organizations at risk for cyber attacks that can lead to severe damages, including lawsuits, fines, and serious financial losses – regardless of the size of the organization.
In today’s digital age, it’s crucial for organizations to have the ability to respond and defend against the ever-evolving digital threat.
On average, Canadian organizations took 173 days to identify a breach and 60 days to contain one.
Verge Insurance provides an insurance product which provides a cyber liability exposure solution; it covers network business interruption, ransomed ware, extortion, social engineering, intellectual property risks and more. This also includes full post breach crisis managements assistance.
- Security and privacy liability
- Multimedia and intellectual property liability
- Network interruption and recovery
- Event support expenses
- Privacy regulatory defense and penalties
- Electronic theft, computer fraud and telecommunications fraud
- Network extortion
- Social engineering fraud
- Reputational damage