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A cyber attack is a malicious intrusion carried out by individuals or groups seeking to infiltrate, damage, or steal information from computer systems, networks, or electronic devices. It can include activities such as malware infiltration, cyber threats, security attacks, or phishing.
Insurance companies offer coverage against the risks associated with cyber attacks. This protection helps businesses and organizations mitigate the costs and financial consequences of different types of cyber attacks, including data recovery, notification to affected parties, legal liability, and public relations expenses.
This cyber protection is increasingly relevant in a constantly evolving digital world, where threats are a growing concern. It helps businesses mitigate risks and manage financial and reputational impacts.
Personal cyber protection in PSIC provides financial compensation and recovery assistance in the event you become a victim of a cyber threat or incident. Some of the risks include online fraud, data breaches, and cyber extortion.
It is an endorsement that is purchased separately, available for Homeowners, Renters, Condo, and Mobile home insurance.
This coverage also offers services such as credit monitoring, legal advice expenses, and reimbursement for stolen funds. It can help mitigate the personal and financial consequences of being targeted by cybercriminals in an increasingly connected world.
This policy helps mitigate the personal and financial consequences of being targeted by cybercriminals in an increasingly connected world.
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