Privacy and Cyber Insurance
In today's digitally connected business world, cyber and technology risks are no longer considered emerging risks. The financial security risks and reputational damage associated with the technology revolution have made it crucial for organizations to establish a data privacy and cyber-risk management strategy.
Cyber-attacks, in the best-case scenario, highlight the weakness of an organizations IT infrastructure and predict future vulnerabilities. The worst-case scenario will shut down all operations, displace stolen data into dangerous hands, and incur
financial losses to both an organization and their clients. Every organization should consider the impact of cyber exposure by asking themselves the following questions:
- Beyond traditional IT solutions, how are you protected from a cyber-risk?
- Are we able to identify and quantify the damages arising from a cyber-attack?
Security budgets today only address a portion of the cyber vulnerabilities organizations face, and often leave gaps in their ability to confront the treat of a data breach. Aon's latest development, the Aon Cyber Link cyber solution, offers privacy breach response management and information security insurance, designed to assist small to mid-sized organization at every stage of a data breach.
Coverage Highlights
- First Part coverages
- Third Party liability
- Notification services
- Call center services
- Breach resolution and mitigation services
- Computer expert services
- Legal services
- Public relations and crisis management services