• Ransomware A hacker has encrypted all of your files and won’t unlock them until you pay a ransom. Insurance covers the costs to restore your data and get you up and running again.
• Wire Fraud and Social Engineering – A funds transfer request is sent to your controller by someone pretending to be your CEO. The funds may be out the door, but at least you’re not out of pocket— we’ve got you covered.
• Phishing and Data Breaches – A hacker gains access to an employee’s email or breaches your network. We’ll cover costs to fix the problem and breach-related expenses such as credit monitoring and regulatory penalties.
• Ransomware and malware attacks – A bad actor encrypts and disables access to business-critical systems and data until a ransom payment is made. Data may also be exfiltrated and exposed if the ransom isn’t paid.
• Funds transfer fraud – A bad actor uses social engineering, sometimes in concert with phishing attacks, to cause funds to be sent to the attacker instead of the proper recipient.
• Business email compromise
Email intrusion resulting from spoofing, phishing, or spear phishing that can result in a data breach or funds transfer loss.
• Data breaches – Exposure of Personally Identifiable Information (PII) or Protected/ Personal Health Information (PHI) of your customers.
• Legal and regulatory issues – Violation of a legal or regulatory framework, such as GDPR or CCPA.
• Web application compromise – Direct compromise of a web-based product, such as an eCommerce platform, as a result of a targeted attack.
• Technology errors & omissions
A failure in the technology product or services results in business interruption or loss on behalf of your customers