Cyber threats are a risk to business operations and are typically not covered by business insurance. It is important to have insurance to provide peace of mind and timely recovery from cyber attacks. This coverage can protect against liabilities such as cyber extortion, data protection laws, employee negligence, and PR expenses.
Don’t be Next Cyber Crime Statistic
Why Cyber Insurance is important
Every day radical technologies and information security laws evolve, putting your business and customers at greater risk. A data breach can cost thousands to millions of dollars in fines, legal fees, reputational damage and lost customers.
We bring you a complete package of cyber protection services, unlike other business insurance, to ensure your peace of mind and timely recovery from cyber-attacks. The loss of corporate information and individual data could severely disadvantage a business.
We protect small and medium-sized enterprises (SMEs) against liabilities arising from breaches of data protection laws, management of personal data and the consequences of losing information worldwide.
Just PDPC alone, almost every month, there’s a breach or companies contravened the data protection provisions under the PDPA
Numbers beside are recently published from Cyber Security Agency (CSA) of Singapore.
Source: 29th August 2022 https://www.straitstimes.com/tech/tech-news/ransomware-attacks-threaten-nations-137-spore-firms-fell-prey-in-2021-csa
Social engineering attack where an attacker sends a fraudulent message designed to trick a person into revealing sensitive information to the attacker.
Malware designed to deny a user or organization by encrypting their files and demanding a ransom payment for the decryption key.
Computer controlled by an attacker or cybercriminal which is used to send commands to systems compromised by malware and receive stolen data from a target network.
Attack on a website that alters its visual appearance or informational content – similar to drawing graffiti on a wall
Good News with CyberCover
Our cyber policy provides you with wraparound crisis management services that gives you peace of mind in the event of a cyber attack.
Recovery & Reputation
Prompt reinstatement of business with PR doing reputation recovery
Expenses & Ransom
IT, Lawyer and PR expenses including ransom payout
1st & 3rd Party Liability
Client suing or regulatory fine
All you need to get a Quote
Company Revenue &
Getting a quote and application is pretty straight forward. Just need to know your company revenue and amount you want to be covered.
Cyber attack is not an IT problem but a Business Operation Issue
Despite what people might think, data breach is not just an IT problem. It is a business operation issue. Most small businesses don’t have such resources to apply adequate defenses. Even with an inhouse IT, Legal, PR department, they might not be a Cyber expert to co-ordinate between them.
No complete defence against
Cyber Security Breach
Cyber Liability Insurance protects you against liabilities arising from data protection laws, management of personal data & consequences of losing information. Loss of corporate information such as intellectual property and proprietary information could severely disrupt a business or even lead to bankruptcy at the hackers mercy.
Cyber threat is real
Cyber threats are commonplace and we won’t know when our staff might just happen to click an “infected” link to view an email order on a busy Monday morning.
Digital technology has brought your business incredible benefits in terms of productivity, connectivity, and automation, but it comes with the responsibility to manage and protect the data you process, your reputation and your intellectual property. No matter your strategy, there’s no complete defence against a cyber security breach, which can cause untold damage and be extremely expensive to resolve.
That’s why Cyber Liability Insurance is a critical part of total cyber defence. It protects you against liabilities arising from data protection laws, management of personal data and the consequences of losing information.
“Unlimited Retroactive Date”
One of its kind with no underwriting required. With this unique option, we can even start coverage from Day 1 your business incorporated. So no worries even if there’s a trojan horse in your system from 10 years ago awaiting your revenue to grow 10x to get higher extortion.
Includes net profit or loss and extra expenses as a result of a network attack on an insured’s network
“Third Party Liability”
Related to privacy, personal information; corporate information; Media and Social Media (including defamation, intellectual property rights and plagiarism)
With latest Cyber Incidents in Singapore & Recent PDPC Commission’s Decisions