60% of businesses worldwide experienced a cyber attack in the past year. According to America’s Cyber Defense Agency (CISA*), “Cyberspace is particularly difficult to secure due to a number of factors: the ability of malicious actors to operate from anywhere in the world, the linkages between cyberspace and physical systems, and the difficulty of reducing vulnerabilities and consequences in complex cyber networks.”
Your company’s traditional safeguards, like firewalls and backups, prevent issues but don’t address needs during a cyber event. With cyber-attacks rising, having the correct coverage in place is increasingly important. Palomar offers tailored insurance solutions to safeguard your organization and minimize financial losses.
Comprehensive Cyber Insurance coverage provides:
- Ransomware negotiations coverage – Intermediaries between attackers & organization
- Reimbursement for loss of revenue – Net profits made during cyber attack
- Legal team for regulatory response – Costs associated with defending against lawsuits
- Trained mitigation/data breach response team – First responders to help minimize damage
- Forensics, data recovery & security response – Data & computer systems recovery
- Crisis communication/public relations team – Reputation management
Contact Jeremy Dickey, Vice President of Operations and Certified Cyber Insurance Specialist, for a coverage review or to discuss your organization’s cyber security needs.
*CISA.gov is an official website of the U.S. Department of Homeland Security.
