Cybersecurity Cheatsheets
Malware & Ransomware
Cloud-Specific Threats
Network & Infrastructure Risks
Credential & System Weakness
Social Engineering & Manipulation
Third-Party & Supply Chain Risks
Emerging Technologies & Threats
Network-Level Attacks
Privacy Issues
Cyber Insurance: Your Business’s Safety Net
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Cyber Risk Explained
Cyber risks like data breaches and ransomware threaten digital systems. Cyber insurance covers financial impacts, including breach response, business interruption, extortion, legal fees, and crisis management, enhancing organizational risk management.
What is Cyber Insurance?
Cyber Insurance has evolved dramatically over the years. The most basic rule of cyber insurance is risk transfer, which essentially removes or lessens the financial burden from the company or individual in the event of a cyber incident. Coverage can often provide your business with industry-leading response services and access to a full team to help overcome the challenges.
What is a Breach?
A data breach occurs when an unauthorized party has accessed, taken, or disclosed sensitive, confidential, or otherwise protected data. The types of data that can be breached may fall into one or more of the following categories: Personally Identifiable Information (PII), Payment Card Information (PCI), Personal Health Information (PHI), and Business Information of a confidential or proprietary nature, such as trade secrets or other intellectual property.
What is Business Interruption?
Cyber Insurance has evolved dramatically over the years. The most basic rule of cyber insurance is risk transfer, which essentially removes or lessens the financial burden from the company or individual in the event of a cyber incident. Coverage can often provide your business with industry-leading response services and access to a full team to help overcome the challenges.
What is a Cyber as a Peril?
Cyber as a Peril refers to risks linked to digital technologies, networks, and data, including threats like breaches, ransomware, and business interruption. These risks affect all types of companies and can potentially cause significant damage. Chubb provides cyber insurance products to address these perils, covering various expenses and adapting to emerging threats.
What is Ransomware?
Ransomware is a type of Malware that limits access to systems or files, locking the computer screen or users’ files until a ransom is paid. Essentially, it is a form of extortion. With global costs in the billions of dollars per year, ransomware is a major risk to both individuals and businesses. Working with an experienced cyber insurer is vital to ensure that even if your systems are compromised, your peace of mind does not have to be.