Cyber Risk and Attack Insurance
Cybercrime is a prominent and rapidly growing threat that affects businesses of all sizes, across all sectors. A successful breach can halt operations, compromise sensitive data, and result in severe financial penalties. We offer comprehensive cyber risk insurance to address every digital concern, protecting your balance sheet from the fallout of a cyber-attack.
Comprehensive Cyber-Attack Coverage
Our policies are designed to cover the full spectrum of digital threats. From disruptions in day-to-day cyber activities to highly targeted ransomware events, our cyber-attack insurance provides the financial resources needed to investigate a breach, notify affected parties, and recover lost data.
Managing Complex Risk Exposures
Cyber risk is no longer just an IT issue; it is a fundamental business risk. We assist organisations in managing complex risk exposures as an integrated part of their broader business operations. This includes covering business interruption losses if your systems are taken offline, as well as third-party liability claims if client data is compromised.
Fortify Your Digital Assets
In the modern operational environment, digital security must be backed by financial certainty. Ensure your organisation has the resources to survive and recover from a sophisticated cyber incident. Discuss your digital exposure with our experts at Blackthorn Risk and secure a tailored cyber insurance policy today.
FAQS
How do 'Act of War' exclusions apply to state-sponsored cyber-attacks against our infrastructure?
This is a critical issue in the current market. Many insurers apply strict “Act of War” exclusions if a cyber-attack is attributed to a nation-state. We work diligently to review your policy wording, ensuring you understand exactly how these exclusions apply and negotiating the broadest possible coverage against sophisticated, state-backed threat actors.
Can the policy cover regulatory fines, such as those imposed under GDPR, following a data breach?
Where legally permissible in the applicable jurisdiction, cyber insurance can cover the costs of regulatory fines and penalties. Crucially, the policy also covers the immense legal defence costs required to represent your organisation during a regulatory investigation following a breach.
Are financial losses from 'CEO fraud' or social engineering covered under a standard cyber policy?
Usually, they require a specific extension. “CEO fraud” or social engineering occurs when an employee is manipulated into voluntarily transferring funds to a fraudulent account. Because the systems were not technically “hacked,” standard cyber policies might decline the claim. We ensure specific crime or social engineering extensions are included to close this gap.
