Securing Your Sector: Cyber Risk Impacts All Types Of Businesses

Healthcare organisations face various cyber threats, including ransomware attacks, phishing scams targeting patient data, insider threats from employees, and vulnerabilities in medical devices and systems.

Mitigata Insurance offers tailor-made coverages designed to address the unique risks faced by healthcare organisations. This includes coverage for reputation damage, hacker damages, insider threats, loss of business due to interruptions, and legal and regulatory costs.

On average, it takes healthcare organisations approximately 8 months to identify a cyber breach, according to industry data. This emphasises the importance of proactive cybersecurity measures and rapid incident response.

Healthcare companies risk facing significant financial penalties for HIPAA violations, with an average fine of $1,500,000 in 2018. Mitigata Insurance helps mitigate these risks by providing coverage for legal and regulatory costs associated with privacy law violations.

Mitigata offers expert assistance in responding to cyber incidents through its breach response services. This includes containment of the incident, re-securing the network if needed, and providing support in dealing with legal and regulatory requirements.

Our policy covers a wide range of cyber incidents, including data breaches, denial of service attacks, ransomware incidents, and funds transfer fraud.

Yes, our policy includes coverage for business interruption losses resulting from cyber attacks against your business or suppliers.

Absolutely, our policy provides coverage for PCI fines and penalties resulting from the exposure of customer credit card data.

Our policy covers the restoration of digital assets, including sensitive customer information and credit card records, without limitations.

We understand the urgency of ransomware incidents, and our policy ensures a rapid response to such events to minimise disruption and financial impact.

This coverage protects technology companies against claims of professional negligence or failure to perform contracted services.

Cyber insurance typically covers costs associated with responding to ransomware attacks, including ransom payments, data recovery, and legal expenses.

Funds transfer fraud coverage reimburses losses incurred from fraudulent transfer of funds due to security breaches or social engineering attacks.

Yes, cyber insurance policies often include coverage for replacing computer systems and other technology damaged as a result of cyber attacks.

Cyber insurance provides coverage for reputational harm losses and the costs associated with managing media and public relations responses to cyber incidents.

Mitigata's cyber insurance for real estate provides coverage for a range of cyber risks, including data breaches, ransomware attacks, fraudulent transactions, and property damage resulting from cyber incidents.

Cyber insurance policies typically cover the costs associated with responding to ransomware attacks, including ransom payments, data recovery, legal expenses, and any resulting business interruption losses.

Yes, Mitigata's cyber insurance policies include coverage for the costs of replacing or repairing computer systems and other technology damaged in a cyber attack or data breach.

Mitigata's cyber insurance provides coverage for the restoration of digital assets, including sensitive client information, following a cyber incident or data breach.

Mitigata's cyber insurance safeguards real estate firms against fraudulent charges resulting from the exploitation of cloud or telephony services, providing financial protection and peace of mind.

Fintech companies face a range of cyber threats, including data breaches, ransomware attacks, phishing scams, and financial fraud. These threats can result in financial losses, reputational damage, and regulatory penalties.

Cyber insurance provides financial protection against the costs associated with cyber incidents, including data breaches, ransomware attacks, and business interruptions. It can cover expenses such as forensic investigations, legal fees, customer notifications, and regulatory fines, helping fintech companies mitigate the financial impact of cyber threats.

Digital asset protection covers financial losses resulting from the compromise or theft of digital assets, including cryptocurrency, digital transactions, and customer financial data. It can help fintech companies recover losses associated with cyber incidents involving digital assets.

Cyber extortion response coverage provides financial assistance and support in the event of a ransomware attack or extortion attempt. It covers expenses related to ransom payments, ransom negotiations, and recovery efforts, helping fintech companies respond effectively to cyber extortion threats.

Cyber insurance policies often include assistance with compliance costs and fines associated with industry regulations such as GDPR, PCI-DSS, and financial services regulations. Fintech companies can receive guidance and financial support to ensure compliance with regulatory requirements and avoid costly penalties.

Health tech companies face threats such as data breaches, ransomware attacks, and unauthorised access to patient data. These threats can compromise patient privacy and disrupt healthcare operations.

Cyber insurance provides financial protection against the costs associated with cyber incidents, including data breaches, regulatory fines, and business interruptions. It helps health tech companies mitigate the financial impact of cyber threats and recover quickly from cyber attacks.

Patient data protection coverage includes expenses related to data breaches, unauthorised access to patient information, and regulatory fines. It helps health tech companies manage the costs of responding to cyber incidents and safeguard patient privacy.

Cyber extortion response coverage provides financial assistance and support in the event of ransomware attacks or extortion attempts targeting health tech companies. It covers expenses related to ransom payments, ransom negotiations, and recovery efforts, helping companies respond effectively to cyber extortion threats.

Yes, cyber insurance policies often include assistance with compliance costs and fines associated with HIPAA and other healthcare regulations. Health tech companies can receive guidance and financial support to ensure compliance with regulatory requirements and avoid costly penalties.

Manufacturing companies face threats such as ransomware attacks, supply chain disruptions, and industrial espionage. These threats can disrupt production processes, compromise sensitive data, and result in financial losses.

Cyber insurance provides financial protection against the costs associated with cyber incidents, including data breaches, business interruptions, and supply chain disruptions. It helps manufacturing companies mitigate the financial impact of cyber threats and recover quickly from cyber attacks.

Supply chain security coverage includes protection against cyber threats targeting supply chain partners and vendors. It helps manufacturing companies mitigate the risks associated with supply chain vulnerabilities and disruptions, ensuring the continuity of production operations.

Business interruption coverage provides financial assistance for losses incurred due to cyber attacks disrupting manufacturing operations. It covers expenses such as lost revenue, extra expenses, and payroll costs, helping companies recover from the financial impact of production downtime.

Intellectual property protection safeguards valuable trade secrets, patents, and proprietary information from theft and unauthorised access. It helps manufacturing companies protect their competitive advantage, innovation, and market position in the industry.

Logistics companies face threats such as ransomware attacks, supply chain disruptions, cargo theft, and transportation infrastructure vulnerabilities. These threats can disrupt operations, compromise sensitive data, and result in financial losses.

Cyber insurance provides financial protection against the costs associated with cyber incidents, including data breaches, business interruptions, cargo theft, and reputation damage. It helps logistics companies mitigate the financial impact of cyber threats and recover quickly from cyber attacks.

Cargo theft insurance provides coverage for losses incurred due to cyber-enabled cargo theft or hijacking. It helps logistics companies recover the value of stolen cargo and mitigate the financial impact of theft-related losses.

Business interruption coverage provides financial assistance for losses incurred due to cyber attacks disrupting logistics operations. It covers expenses such as lost revenue, extra expenses, and payroll costs, helping companies recover from the financial impact of operational downtime.

Reputation management coverage helps logistics companies mitigate the negative impact of cyber incidents on their brand reputation and public image. It covers expenses related to media relations, crisis communication, and reputation repair efforts, helping companies maintain customer trust and confidence.

B2B companies face various cybersecurity risks, including data breaches, ransomware attacks, supply chain vulnerabilities, and business email compromise (BEC) scams.

Cyber insurance can benefit B2B organisations by providing financial protection against cyber threats, covering expenses related to data breaches, business interruption, regulatory fines, and legal liabilities.

B2B transactions pose unique cyber risks such as supply chain attacks, vendor-related vulnerabilities, third-party data breaches, and intellectual property theft during collaboration or partnership.

B2B cyber insurance policies typically cover a range of cyber incidents, including data breaches, ransomware attacks, social engineering fraud, network intrusions, and system outages.

B2B organisations can improve their cybersecurity posture by implementing robust security measures such as employee training, network monitoring, encryption, access controls, and regular security assessments.

Consumer tech companies face cybersecurity challenges such as data privacy concerns, device vulnerabilities, software vulnerabilities, IoT security risks, and threats from malicious apps or malware.

Cyber insurance protects consumer tech companies against financial losses by covering expenses related to data breaches, product liability claims, regulatory fines, legal defence costs, and business interruption.

Consumer trust is crucial for tech companies as it impacts brand reputation, customer loyalty, and market competitiveness. Maintaining strong cybersecurity practices builds trust by demonstrating a commitment to protecting customer data.

Consumer tech companies can ensure compliance with data protection regulations by implementing privacy-by-design principles, conducting regular audits, obtaining user consent for data processing, and providing transparent privacy policies.

In the event of a data breach, consumer tech companies should enact their incident response plan, notify affected individuals promptly, collaborate with law enforcement, conduct forensic analysis, and provide support to affected customers.

Reputational damage coverage provides financial support for managing the fallout of negative publicity resulting from a cyber incident. It covers expenses related to media relations, crisis communication, and public relations efforts to restore trust and credibility.

Yes, cyber insurance typically includes coverage for data breach response, which encompasses the expenses associated with notifying affected individuals, credit monitoring services, and legal fees incurred in compliance with data protection regulations.

Social engineering coverage protects your organisation from losses resulting from fraudulent schemes that manipulate individuals into transferring funds or sensitive information. Given the prevalence of phishing and other social engineering attacks, this coverage is essential for non-profits to safeguard their finances and data.

Cyber insurance provides coverage for third-party liability claims arising from a cyber incident affecting the data of clients, donors, or other stakeholders. This coverage helps mitigate the financial impact of legal expenses and settlements associated with such claims.

Yes, cyber insurance policies often include support for regulatory compliance efforts related to data protection laws. This may involve legal assistance, fines and penalties coverage, and resources to implement data security measures required by regulations like GDPR, CCPA, or HIPAA.

The public sector faces various cyber threats, including ransomware attacks, phishing scams, and insider threats. These can compromise sensitive data and disrupt essential services.

Cyber insurance provides financial protection against the costs associated with cyber incidents, including data breaches and ransomware attacks. It helps cover expenses related to incident response, legal fees, and regulatory fines.

A cyber insurance policy for the public sector typically includes coverage for data breach response costs, legal expenses, regulatory fines, and cyber extortion payments. It may also cover business interruption losses and reputational harm.

Public sector organisations can enhance their cybersecurity posture by implementing robust security measures, conducting regular risk assessments, and providing comprehensive cybersecurity training to employees. Partnering with cybersecurity experts and investing in advanced security technologies can also strengthen defences.

When selecting a cyber insurance policy, public sector organisations should consider factors such as coverage limits, deductibles, policy exclusions, and the insurer's reputation for claims handling. It's essential to choose a policy that aligns with the organisation's specific cyber risk profile and budget.