Cyber insurance provides coverage for a business’s liability in the event of a breach on its Information Technology infrastructure that may result in leakage of sensitive data, such as customers’ personal information or business trade secrets. Having cyber insurance coverage will allow a business to mitigate the financial losses in the event of such a cyber-attack, as well as the costs of recovery and restoration in the aftermath of the incident. Small and Medium sized enterprises (SMEs) are often targeted by cyber criminals as they usually lack the resources and cyber security infrastructure to protect themselves against a potential intrusion such as Malware or unauthorised access to the business’s cyber infrastructure.
Cost of cover can start from HK$5,735 per year.
Costs incurred from a cyber-attack:
Lawsuits from third parties for:
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Fantastic client service, close and attentive follow through - I love the referral of the extended network to expedite onboarding process. Well done Sleek Team!
Having a cyber-security system in place defends the business from cyber attacks, which reduces the chances of that happening. However in the event it does happen, cyber insurance can help your business manage the financial impact during and post the attack, and shorten the recovery time for your business to be back on track.
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