Cyber Insurance is designed to protect businesses against the growing threat of cyber-attacks and data breaches. It helps organizations manage risk by covering the financial losses and response costs that may arise after a cyber incident occurs.
In today’s digital world, almost every business has some level of cyber exposure. With the sharp rise in cybercrime and ransomware, even small and mid-sized companies are at risk. A successful cyber-attack can lead to loss or misuse of sensitive data, privacy breaches, unauthorized access to financial records, and more. Often, companies may lack the resources to respond effectively. Cyber Insurance provides critical financial and operational support to help businesses recover and continue operations.
At Prudent, our dedicated cyber insurance team brings deep expertise in cyber risk, insurance strategy, and reinsurance placement. We partner with top-rated insurers to deliver custom cyber coverage that aligns with your business’s risk profile.
Following a "cyber event" which results in interruption of network one may end up in:�• 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
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