Cyber attacks are one of the biggest risks facing businesses today, so companies must ensure they have robust IT security and comprehensive Cyber Insurance in place.
Our Cyber policy protects against the range of risks associated with digital technology and provides critical support in case of a cyber event.
Cyber crime accounts for 50 per cent of all reported UK crimes, and nearly half of British firms have suffered an attack in the last year. With almost every aspect of modern business relying heavily on information technology, a cyber attack can cripple a company’s operations. Increasing legislation about an organisation’s responsibilities in the event of a cyber attack only adds to the burden for companies.
Tailored cover and individual service
To make sure you are protected, our underwriters will work closely with you to create cover that suits your specific needs. We take the time to understand your business from top to bottom, so we can provide bespoke cover that protects you against current and emerging cyber risks.
Crisis support – 24 hours a day
We’ve teamed up with a panel of experts to provide 24-hour support if you experience a cyber event. That might involve providing a forensics team to work out how the cyber breach happened and how to fix the problem; legal advice relating to fulfilling regulatory requirements; or managing a PR response to minimise any impact to your reputation.
Our panel of experts includes:
- ReSecure, which combines the expertise of:
- RPC (Legal)
- STORM Guidance (IT Forensics)
- Eurofins (IT Forensics)
- Experian (Credit and Identify Theft Monitoring)
- Mattison Public Relations (PR)
- Norton Rose (Legal)
- Verizon (IT Forensics)
- FleishmanHillard (PR)
Helping you manage your risks
At QBE, we don’t believe in just covering risks; we help you to manage and reduce them. Our customers receive free access to the QBE Cyber Risk Management Portal, which offers a wide range of information on cyber risks as well, and how to make sure you're protected against them.
We have specialist cyber underwriters across our offices in the UK, Europe and Canada who provide Cyber Insurance to companies all around the world. We can also provide policies in a range of languages. For companies with operations in multiple territories, we can write global cyber programmes.
Our Cyber policy is modular and can include cover for:
- Cyber liability
- Online media liability
- Data breach legal costs, forensics and PR
- Credit monitoring and identity theft costs
- Regulatory defence and penalty costs
- Payment Card Industry Data Security Standards costs
- Data restoration
- Cyber business interruption
Potential extensions include:
- Full media liability
- Reputational harm
- Cyber crime (sub-limited)
- Voucher cover