Cover high repair costs due to cyber incident

Risk: Notification to those involved

Your clients, suppliers and all parties involved whose data has been stolen, copied, altered or viewed are entitled to know what has happened to their data. You are liable for this if the data was on your server.

Insured guarantees

Our cyber-risk insurance intervenes for: costs for data investigation and gathering costs for notifying those involved

Does it apply to you?

You are not so different from the engineering firm that saw its industrial machine plans copied and passed on. Your firm on the other hand may be concerned more with CVs or financial data. The law requires you to inform everyone involved. At an average cost of four euros per customer, you will quickly see the costs rise sky-high!

Risk: Image repair

It takes years to build up an impeccable reputation in the market. However, one well-aimed malicious report or one strategically leaked piece of information is enough to irrevocably tarnish that strong image.

Insured guarantees

Thanks to our cyber-risk insurance, you enjoy intervention for, among other things:

- costs and fees of independent advisors, who can prevent or mitigate the potentially adverse effects of a newsworthy cyber event. (e.g. legal advice, public relations services and crisis consultancy)
- costs and fees for services to mitigate potential damage to any individual ‘s reputation at the company (e.g. CIO)
- costs for a social media plan for elevating your reputation
- costs for buying back goodwill

Does it apply to you?

What happens if your internal documentation with procedures for troublesome customers is made public? Like the hospital that saw all its discreet unfriendly patient measures published on a public site. Or the webshop that was hacked and saw private data from its customers stolen. This kind of reputational damage can only be rectified with a voucher or with well-targeted (and expensive) communication.

Risk: Data restoration

A cyber attack or an unintended error by your supplier often leave a trial of destruction in your data. A lot of data has been damaged or deleted. And if it is all to be recuperated through a back-up (which often proves more difficult than thought), you lose a lot off time and money on reconstitution.

Insured guarantees

- repairing, locating and again creating data
- reproducing information via a back-up

Does it apply to you?

Suppose a virus erases all data from your outsourcing company. How much time do you spend re-mapping payroll data, career history, administrative information, etc.?

Risk: Administrative investigation and fines

It isn't just your damage and that of your clients that can increase considerably following a cyber attack. There is also the threat of hefty fines, and large invoices from your lawyers guiding you in the legal investigation.

Insured guarantees

- costs for legal advice and representation (what you should and shouldn't say to the supervisory bodies, etc.)
- Insurable fines and penalties levied by a data protection regulatory authority after the completion of the legal investigation

Does it apply to you?

Risk: Forensic investigation

Proving a cyber attack isn't straightforward, since traces of break-in are much less visible than with a physical theft. It nevertheless rests on your shoulders. Specialists are expensive, yet essential.

Insured guarantees

Our cyber-risks insurance covers the costs for hiring forensic specialists for proving a cyber-infringement, establishing the cause and formulating recommendations.

Does it apply to you?

It is not unlikely that your ICT service will accidentally come across a malware program that slipped between the gaps of the control network for months on end (Proximus even fell victim to this). A forensics team quickly spends a week getting the right analysis alone. For less than 12,000 euros, you won't be able to cover these costs alone. Regardless of any additional damage!

Risk: Credit management and ID monitoring

Your clients, suppliers and all parties involved whose data has been stolen, copied, altered or viewed might become a victim of credit or identity theft..... Monitoring services cost considerable sums of money.

Insured guarantees

- Costs and fees for credit monitoring services
- Costs and fees for consultants specialised in identity theft monitoring to identify possible misuse.
- Costs (including premium) for any ID theft insurance  

Does it apply to you?

Do you know exactly what digital privileges everyone in your company has? Do you think one of your vendors might store sensitive information on his personal hard drive? And what if your laptop gets stolen? How do you track the information on it and how do you block the open routes to your business systems?

Risk: Boardmembers and their family 

Boardmembers and their families who fall victim to slander, smearing of their reputation, grooming, sextortion, cyber-bullying, cyber-stalking and any unauthorized disclosure or transfer of their personal data by a third party, can count on this unique guarantee for that little bit extra your family deserves.

Insured guarantees

- Costs for the restoration of their reputation
- Forensic IT to identify the perpetrator
- Legal assistance in making a complaint and claiming damages

Does it apply to you?

Suppose a blackmailer dabbles through your children's lives, takes control of their social media and misuses their photos. A cyberstalker smears your name with slanderous rumours. A hacker capitalizes on your family's accounts after stealing them. The digital age makes your family vulnerable. But with the right resources not powerless!