Have you heard of cyber insurance?
Sun Insurance offers cyber insurance designed for New Zealand businesses including professional services firms. Cyber insurance is tailored to help a business mitigate the costs involved with recovery after a cyber related security or privacy event.
Cyber insurance responds to for both first and third parties losses triggered by a cyber attack giving rise to either a security event or a privacy event. This insurance also covers the costs of defending any third party claims. There are a range of potential losses from a cyber incident which include:
Forensic investigation costs
Data and/or software restoration
Direct financial losses
Physical damage and bodily injury