Solutions for Risks to Your Organization’s Data
Every type of organization uses technology to do business and faces cyber risk. As technology becomes more complex and sophisticated, so do the threats that businesses face. It's not a question of if your organization will suffer a breach, but when. We understand the complexity of cyber threats and have cyber liability insurance solutions to help protect your digital business assets.
Product Description:
Cyber liability insurance is an insurance policy that provides businesses with a combination of coverage options to help protect the company from data breaches and other cyber security issues. It's not a question of if your organization will suffer a breach, but when. AlBaraka cyber insurance policyholders can also access tools and resources to manage and mitigate cyber risk — pre-breach and post-breach. Cyber liability insurance can cover costs associated with data breaches and cyber attacks on your business. Those costs can include such things as lost income due to a cyber event, costs associated with notifying customers affected by a breach, costs for recovering compromised data, costs for repairing damaged computer systems and more.
Risks Covered:
Cyber coverage can be a crucial safeguard against the devastating financial consequences of a cyber attack. AlBaraka offers customized insurance solutions depending on your business’ level of risk, with coverage options available to address:
Forensic investigations
Litigation expenses
Regulatory defense expenses/fines
Crisis management expenses
Business interruption
Cyber extortion