Cyber liability is one of the fastest growing areas of risk, and regulatory agencies are not immune. Anyone who maintains or transmits personally-identifiable non-public information electronically (on computers, laptops, portable electronic devices or other electronic media) is vulnerable to a cyber breach. This breach can range from a minor occurrence, such as a misdirected fax, to the theft of thousands of member records.
Cyber Security and Privacy Liability insurance protects against claims arising out of theft, loss, or unauthorized disclosure of a third party’s personally identifiable information. Coverage is designed to manage the risk of holding increasingly large quantities of personally identifiable data of members, employees, and others, and to mitigate the reputational damage resulting from a data security breach.
Coverage Brochure for Cyber and Privacy Insurance