Cyber Risk Insurance
Organizations rely on technology and the safe processing and storage of data to conduct business on a daily basis. Ensuring the security of data information is becoming an increasingly difficult task, especially considering changing regulations. A failure in technology or data breach can have significant consequences not only on the balance sheet but also to your organization’s reputation.
- $1,000,000 per Claim and $1,000,000 Aggregate
- Media Services Liability up to $1,000,000
- Network Security Liability up to $1,000,000
- Privacy Liability up to $1,000,000
- Privacy Notifications Costs up to $50,000
- Regulatory Proceedings up to $500,000
- Extortion Threat up to $1,000,000
- Crisis Management Expense up to $50,000
- Business Interruption up to $500,000
*Packages up to $5,000,000 each Claim and Aggregate are available
If you need to report a cyber claim, call 1-844-660-4903 and follow the steps outlined here.
In The News
NB city’s parking payment system sees “multiple” data breaches
An initial investigation into a data breach that affected a city’s parking system has found that the breach began as far back as May 2017.
The city of Saint John in New Brunswick issued a statement earlier this week explaining that the breach involved “multiple instances when an unknown source gained access to confidential customer information on the city’s server through the Click2Gov payment system.” The city learned of this through a private cyber security analyst that had been hired to conduct forensic analysis of the cyberattack. Read more here.
Ontario town plans to pay ransom after computers locked down
A central Ontario town plans to pay off a hacker who was able to lock down the town’s computer system.
The Town of Midland has not had full access to its computer system since September 1st, including during a 48-hour period in which all computers connected to the municipal network were unusable. Read more here.