Cyber Liability Insurance
For social services organizations, data security is especially critical, but extremely challenging. One attack can severely disrupt your ability to deliver the programs that meet crucial human needs. It can also cause significant, and sometimes irreparable, financial harm.
What's at risk?
Health
records
Intellectual
property
Hard-won
relationships
What's at risk?
Health
records
Intellectual
property
Hard-won
relationships
Financial
information
Reputations
Operational
viability
Financial
information
Reputations
Operational
viability
Cyber Crime
Hackers continue to invent new schemes to harm organizations: holding systems hostage with ransomware or stealing data to sell on the dark web. The most common approaches:
- Overriding security on stolen or unattended devices.
- Exploiting software too old for security patches.
- Phishing emails and other ploys that look legitimate.
Human error plays a major role in data breaches. That’s why regular training is essential. So too is ensuring your vendors have strict security. A hack of their systems can compromise yours.
Cyber Liability Insurance
A Cyber Liability program can help protect your stakeholders, resources and reputation, and provide funds to address financial losses. It is specifically designed to address risks that come with using technology; risks that other types of business liability coverage simply won’t.
What it protects
Data breaches:
Notifying those affected, providing identity theft protection and security from legal action.
Intellectual property rights:
Coverage of risks including libel, copyright/trademark infringement, and defamation.
Damages to a third-party system:
Protection when your system crashes another’s, or your software failure causes a loss to a third party.
System failure:
Data or code loss from a natural disaster, malicious
Cyber extortion:
Funds to meet hacker’s demands or to rebuild your system if necessary.
Business interruption:
Covers the loss of day-to-day revenue-producing operations.
The right amount of coverage
The cyber liability protection your agency needs is based on your operations and range of exposure. Trinity Asset Protection can identify your areas of risk so a policy can be tailored to fit you unique situation.