Get smart cyber insurance

Security Insurance

Insurance is just the beginning – we act as your digital protector. With a constant watch, we assess, monitor, and ensure the security of your business and individual cyber interests.

SETUP, EASY-PEASY

The Best Cyber Liability Insurance does

more than just insure

Serving 500+ Clients

Mitigata is proud to support a wide array of clients, including those in Fintech, Health Tech, B2B, Consumer Tech, Manufacturing, D2C , B2C and Logistics. Discover how we're making a difference in these industries and beyond!

Fintech

Health Tech

B2B

Consumer Tech

Manufacturing

Logistics

Marketplace

B2C

D2C

Industries We Serve

One Wrong Click Could ExposeA Patient's Entire Medical History

8 Months

The average amount of time it takes healthcare organisations to identify a breach.

48%

Percentage of breaches of healthcare companies that begin internally.

$1,500,000

Average HIPAA fine for healthcare companies in 2018.

Unique Tailor-Made Coverages To Cover The Exposure Of Healthcare Organisations

Compliance Assessment

Cost to comply with an OCR-mandated security assessment and program, as a result of a security failure or data breach that violates HIPAA privacy and security rules.

Data Restoration

Restoration of digital assets, including sensitive patient information.

Interruption Recovery

Business interruption from cyber attacks against the insured or their suppliers.

Funds Transfer Fraud

Funds transfer incurred from a security failure or social engineering attack.

Extortion Response

Costs to respond to an extortion incident, including money, securities, and virtual currencies paid.

Technology Replacement

Costs to replace computer systems and other technology damaged in a cyber attack.

Retail Cyber Risk Snapshot: Eye-Opening Stats

50%

Percent of retailers that experienced a data breach in the last year.

$52,000

Average claim size for Coalition’s SMB retail policyholders.

75%

Percent of cyber attacks on retailers stemming from denial of service (DDoS) and payment skimming attacks.

Unique Tailor-Made Coverages To Cover The Exposure Of Retail and E-commerce Organisations

Digital Asset Restoration

Includes restoration of sensitive customer information and credit card records.

PCI Compliance Penalties

Covers fines and penalties resulting from the exposure of customer credit card data.

Business Interruption Coverage

Protects against losses from cyber attacks on your business or suppliers.

Denial of Service Protection

Enhanced coverage for DDoS attacks that disrupt legitimate business traffic.

Funds Transfer Fraud

Safeguards against losses from security failures or social engineering attacks.

Ransomware Incident Response

Covers costs associated with responding to ransomware extortion attempts.

Reputational Harm Protection

Provides coverage for consequential reputation damage and media costs.

The Cost Of FREE!

$190,000

Average claim cost for Coalition’s technology policyholders.

33%

Percent of claims resulting from a web application compromise for Coalition’s technology policyholders.

$135,000

Average claim cost for a technology failure for Coalition’s technology policyholders.

Unique Tailor-Made Coverages To Cover The Exposure Of Technology Organisations

Liability Protection

Coverage for technology errors & omissions — professional liability coverage for tech companies.

Ransomware Response

Covers costs to respond to a ransomware (extortion) incident.

Fraud Loss Coverage

Funds transfer fraud losses arising from a security failure or social engineering.

Tech Damage Replacement

Costs to replace computer systems and other technology damaged in a cyber attack.

Reputation Coverage

Coverage for consequential reputational harm loss, and media and PR costs to respond to an incident.

DDoS Defense

Enhanced coverage for denial of service (DDoS) attacks that impede legitimate traffic to your business.

Digital Dangers In Real Estate

1 Billion

IoT devices and sensors installed in commercial buildings by the end of 2019.

$220,000

Average claim size for Coalition’s real estate policyholders.

$125,000

Average amount stolen in business email compromise and social engineering attacks against real estate firms.

Unique Tailor-Made Coverages To Cover The Exposure Of Real Estate Organisations

Fraudulent Charges

Funds transfer fraud losses arising from a security failure or social engineering.

Ransomware Response

Costs to respond to a ransomware (extortion) incident.

Tech Replacement

Costs to replace computer systems and other technology damaged in a cyber attack.

Data Restoration

Restoration of digital assets, including sensitive client information.

Telephony Exploitation

Fraudulent charges when a criminal actor exploits a cloud or telephony provider.

IoT Coverage

Property damage and bodily harm coverage for IoT failures.

Contractor Protection

Coverage for independent contractors.

Financial Ruin: The TRUE Cost of Cyber Attacks

$5.9 Million

Is the approximate amount that finance firms lose per data breach.

$4.45 Million

Was the global average cost of a data breach in 2023.

51%

Organisations plan to increase cybersecurity spending this year.

Unique Tailor-Made Coverages To Cover The Exposure Of Fintech Organisations

Digital Asset Protection

Coverage for financial losses resulting from the compromise or theft of digital assets, including cryptocurrency and digital transactions.

Regulatory Compliance

Assistance with compliance costs and fines associated with industry regulations such as GDPR, PCI-DSS, and financial services regulations.

Cyber Extortion Response

Protection against ransomware attacks and extortion attempts, including coverage for ransom payments and recovery expenses.

Business Interruption

Coverage for financial losses resulting from cyber incidents that disrupt fintech operations, including downtime, lost revenue, and additional expenses.

Fraudulent Transactions

Coverage for losses resulting from fraudulent transactions, unauthorised access, or manipulation of financial data or systems.

Healthcare's Data Breach: A Wake-Up Call

51%

Healthcare organizations reported an increase in data breaches since 2019.

337

Healthcare incidents reported affected 19,992,810 individuals.

36%

Healthcare facilities reported an increase in medical complications owing to ransomware attacks.

Unique Tailor-Made Coverages To Cover The Exposure Of Health Tech Organisations

Patient Data Protection

Coverage for data breaches and unauthorised access to sensitive patient information.

Regulatory Compliance Support

Assistance with compliance costs and fines associated with HIPAA and other healthcare regulations.

Cyber Extortion Response

Financial assistance and support in the event of ransomware attacks or extortion attempts.

Telehealth Coverage

Protection for virtual care platforms and remote patient monitoring systems.

Medical Device Security

Coverage for cyber threats targeting medical devices and IoT technologies.

Factory of Fears: Cyber Threats Looming Large

2nd

Manufacturing is the second-most targeted industry for cyber attacks.

86%

Percentage of cyber attacks against manufacturers that are deliberate, targeted attacks.

$130,000

Average claim size for Coalition’s SMB manufacturing policyholders.

Unique Tailor-Made Coverages To Cover The Exposure Of Manufacturing Organisations

Supply Chain Security

Coverage for cyber threats targeting supply chain partners and vendors.

Industrial Control Systems Protection

Protection for manufacturing control systems and operational technology.

Business Interruption Coverage

Financial assistance for losses incurred due to cyber attacks disrupting manufacturing operations.

Product Liability Insurance

Coverage for damages resulting from defective products or equipment caused by cyber incidents.

Intellectual Property Protection

Safeguarding intellectual property and trade secrets from theft and unauthorised access.

Unique Tailor-Made Coverages To Cover The Exposure Of Logistics Organisations

Supply Chain Security

Coverage for cyber threats targeting supply chain partners and vendors.

Transportation Infrastructure Protection

Protection for critical transportation systems and networks.

Cargo Theft Insurance

Coverage for losses incurred due to cyber-enabled cargo theft or hijacking.

Business Interruption Coverage

Financial assistance for losses incurred due to cyber attacks disrupting logistics operations.

Reputation Management

Coverage for reputation damage and media relations expenses resulting from cyber incidents.

Unique Tailor-Made Coverages To Cover The Exposure of B2B Organisations

Business Interruption Protection

Coverage for financial losses incurred due to cyberattacks or disruptions in business operations, ensuring continuity and resilience for B2B ventures.

Third-Party Liability Insurance

Protection against claims from clients or partners arising from data breaches, system failures, or other cyber incidents, minimising legal and financial risks.

Supply Chain Security

Insurance coverage for supply chain vulnerabilities, safeguarding against disruptions and losses stemming from cyberattacks targeting suppliers or vendors.

Network Security Enhancement

Solutions tailored to strengthen network security infrastructure, including firewalls, intrusion detection systems, and data encryption protocols, reducing the risk of cyber threats and data breaches.

Data Privacy Compliance Support

Coverage for legal expenses, regulatory fines, and other costs associated with privacy compliance, helping B2B companies navigate data protection regulations and mitigate financial risks.

Unique Tailor-Made Coverages To Cover The Exposure of Consumer- tech Organisations

E-Commerce Protection

Specialised coverage for online retailers and consumer tech companies, safeguarding against financial losses resulting from data breaches, payment fraud, and other cyber threats in the e-commerce ecosystem.

Product Liability Insurance

Protection against claims of product defects, malfunctions, or cyber vulnerabilities, ensuring financial security and brand reputation for consumer tech companies.

Privacy Compliance Support

Coverage for legal expenses, regulatory fines, and other costs associated with privacy compliance, helping consumer tech companies navigate complex data protection regulations and mitigate financial risks.

Intellectual Property Protection

Insurance solutions tailored to protect intellectual property assets, including patents, trademarks, and proprietary technologies, from theft, infringement, or misuse by competitors or cybercriminals.

Cyber Incident Response Services

Access to expert cyber incident response teams and resources, including forensic investigations, data recovery, and crisis management support, to mitigate the impact of cyberattacks and ensure swift recovery for consumer tech companies.

Non-Profit Cyberstorm: Facing the Numbers

71%

Non-profits reported experiencing a cyber attack in 2020.

$358,000

The average cost of a successful ransomware attack on non-profits in 2020.

68%

Percent of non-profits that lack resources to respond to a cyber incident.

Unique Tailor-Made Coverages To Cover The Exposure of Non-Profits Organisations

Volunteer Protection

Coverage for volunteers, providing protection from liabilities that may arise during their service.

Digital Asset Restoration

Restoration of digital assets, including sensitive donor information

Technology Replacement Costs

Costs to replace computer systems and other technology damaged in a cyber attack

Ransomware Incident Response

Costs to respond to a ransomware (extortion) incident.

Reputational Harm Coverage

Coverage for consequential reputational harm loss and media and PR costs to respond to an incident.

Public Sector Cyber Crisis: The Staggering Costs

$2.3 million

Average cost of a data breach for a public sector entity.

2.5x

Public breaches are over 2.5 times more likely to be undiscovered for years.

$18.2 million

Estimated cost of the Baltimore ransomware attack.

Unique Tailor-Made Coverages To Cover The Exposure of Public Sector Organisations

Extortion Expenses

Costs to respond to an extortion incident, including money, securities, and virtual currencies paid.

Tech Replacements

Costs to replace computer systems and other operational technology damaged in a cyber attack.

Operational Safeguards

Coverage for industrial control systems, SCADA, and other operational technology.

Cloud Fraud

Fraudulent use of cloud-based and telephony services (including crypto-jacking attacks).

Digital Recovery

Restoration of digital assets, including sensitive constituent information.

Service Interruptions

Service interruption losses from cyber attacks against you or your suppliers.

Don't take our word for it,

Trust our Clients

Every journey starts with a challenge, but here at Mitigata, we turn challenges into triumphs. Read on to see how we've transformed struggles into success stories. For privacy and security, the identities of our clients are confidential. However, their stories of success and satisfaction with our services speak volumes.

How We Help You Protect Against

Cyber Threats

For Businesses

Grow your business with Active Insurance. We tackle cyber threats by combining security technology, insurance, and expert support for comprehensive protection.

Get Business Coverage
For Executives

Strengthen your leadership with Active Insurance. We provide security tech, insurance, and specialized support to address executive-level digital risks.

Protect Your Executive Role
For Individuals

Protect your digital life with Active Insurance. Our solution offers advanced security, insurance coverage, and personal support to keep you safe.

Secure Your Digital Life

Mitigata ConsoleFeatures

Mitigata console dashboard showing risk assessment gauge, security findings, and cyber asset details.

  • Continuously tracks and updates the organisation's cyber risk profile in real-time, allowing for immediate detection of potential threats.
  • Offers customizable dashboard views to cater to the specific needs and preferences of different users within the organisation, ensuring relevant data is always front and centre.
Cyber insurance plans listing with options for startups and directors on Mitigata's homepage.

  • Users can get insurance quotes instantly, simplifying the decision-making process for cyber insurance coverage.
  • Offers a clear and straightforward tracking system for claims, providing updates at each stage until resolution.
Illustration of dark web monitoring showing automated threat detection, data breach discovery, and real-time alerts for compromised data and stolen credentials.

  • Continuously scans dark web forums, marketplaces, and encrypted platforms for leaked credentials, sensitive data, and stolen organizational information.
  • Receive timely notifications whenever your organization's data or identifiers are found on the dark web.
  • Define specific keywords, domains, or identifiers unique to your business. Access detailed reports and actionable intelligence to identify vulnerabilities and safeguard your organization from emerging threats.
Security checklist for vendor and employee processes on Mitigata's organisational dashboard.

  • Users can get insurance quotes instantly, simplifying the decision-making process for cyber insurance coverage.
  • Allows organisations to customise the checklist to fit their specific security requirements and priorities.
Detailed security findings with risk levels and suggested actions on Mitigata's console.

  • Classifies findings by severity levels, enabling users to focus on the most critical issues first.
  • Offers seamless integration with third-party remediation tools for efficient issue resolution.
Phishing risk page on Mitigata's console with a detected alert and campaign details for employee training.

  • Sends real-time alerts for newly identified phishing risks, minimising the window of opportunity for attackers.
  • Provides access to training and resources to help employees recognize and avoid phishing attempts.
Mitigata's marketplace interface offers services like dark web monitoring and developer security.

  • Includes user reviews and ratings for each cybersecurity solution, aiding in informed decision-making.
  • Many solutions come with trial offers or demos, allowing users to assess suitability before making a purchase.
Mitigata claims page, file in <5 mins via form, call, email, or WhatsApp

  • Streamlines the documentation process, making it easier for users to submit the necessary information.
  • Offers direct access to insurance claim experts for personalised guidance and support.
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Understanding the Cost of Cyber Attacks: A Financial Analysis

Explore the financial fallout of cyberattacks in India with Mitigata's Understanding the Cost of Cyber Attacks: A Financial Analysis Report. This crucial study delves deep into the escalating costs of cyber incidents, offering a detailed examination of their impact across various sectors. Discover the importance of cyber insurance and gain insights from real-world case studies that highlight the immediate and long-term economic consequences. Equip your organization with the knowledge to mitigate risks in today's increasingly vulnerable digital landscape.

Cyber Predictions 2024 by Mitigata Report Thumbnail Image

Help Protect Your Business With Comprehensive

Cyber Coverage & Security Tools

Things You

Probably Wonder

Cyber insurance is a specialised insurance policy designed to protect businesses from financial losses resulting from cyber attacks, data breaches, and other cyber-related incidents. It provides coverage for expenses such as legal fees, customer notifications, credit monitoring services, and more.

You should buy cyber insurance to mitigate the financial impact of cyber threats on your business. Cyber attacks can lead to significant costs, including legal fees, regulatory fines, customer notifications, and reputational damage. Cyber insurance provides financial protection and helps businesses recover from cyber incidents more quickly.

Any business that relies on digital technology, stores sensitive data, or conducts transactions online can benefit from cyber insurance. This includes businesses of all sizes and across various industries, including retail, finance, healthcare, and more.

The cost of cyber insurance varies depending on factors such as the size and industry of your business, the level of coverage you need, and your risk profile. On average, cyber insurance premiums can range from a few thousand dollars to tens of thousands of dollars per year.

Yes, cyber insurance is worth it for small businesses. Small businesses are increasingly targeted by cybercriminals due to their perceived vulnerabilities and lack of robust cybersecurity measures. A cyber attack can have devastating financial consequences for small businesses, making cyber insurance an essential investment to protect against such risks. While the cost of cyber insurance may seem significant, it is far less than the potential costs of dealing with a cyber incident without insurance coverage.

The Investors having our Back

WEH Ventures
Titan Capital
Point One
Venture Catalyst
Shadi Co-Founder
Nitish Mittersain CEO and joint managing director, Nazara Technologies.
Varun Alagh CEO, of Mamaearth

Our Partners

HDFC
Iffco
TATA
SBI
ICICI
Bajaj
Reliance
Digit
futureGeneral
Liberty
Raheja QBE
Kotak
Chola
National
Oriental
United
New India
Universal Sompo