Cyber Security

Shield your business from expenses caused by cyber threats, compromised data, identity recovery, and more with the right cyber insurance.

As cyber-attacks become more common, companies must be vigilant to protect themselves against ransomware, phishing scams, and network security attacks. If your business or customer information is lost or compromised, being proactive and having cyber security insurance can make a difference in how well your business recovers.

SECURA’s Cyber Security insurance provides recovery and expense coverage for costs associated with claims from cyber threats, attacks, and compromises.

Features of Cyber Security insurance

Data compromise
Also known as data compromise response expense, this coverage allows you and your business to respond when a data breach impacts customer information or business data is lost, stolen, or accidentally released. Services range from but are not limited to, forensic IT review, legal counsel, public relations support, as well as coverages for costs to inform affected people.

Computer attack
Recovering from a computer attack is complex and expensive. Computer attack coverage covers costs of professional data restoration services, loss of business income, as well as computer hardware and software upgrades to mitigate future losses.

Cyber extortion
This coverage will reimburse the amount of money fraudulently obtained as a result of deceptive communications including emails, faxes, or phone calls by someone impersonating an employee or financial representative. If your business falls victim to an intentional and criminal deception resulting in a wrongful financial transfer, this covers the reimbursement of those funds.

Misdirected payment fraud
This coverage will reimburse the amount of money fraudulently obtained as a result of deceptive communications including emails, faxes, or phone calls by someone impersonating an employee or financial representative. If your business falls victim to an intentional and criminal deception resulting in a wrongful financial transfer, this covers the reimbursement of those funds.

Computer fraud
Provides financial reimbursement for the direct financial loss involving unauthorized access to your computer system by someone outside of your company that results in the sending or diverting funds. 

Telecommunications fraud
This coverage is defined as when an unauthorized party outside of your business gains access to your business telecommunications system and uses that access to establish fraudulent charges with your telephone service provider. This coverage provides reimbursement for the direct financial loss.

Privacy incident liability
Privacy Incident Liability covers your defense costs, within the coverage limits, associated settlement, and judgment costs arising from an action brought by “affected individuals”, or a government entity on behalf of such individuals who allege specific injuries as a result of a covered data compromise, failure to comply with a privacy policy, wrongful collection of, or failure to delete personally-identifying information.

Network security liability
Covers costs associated with defense, settlement, and judgment arising from an action brought by third parties who allege specific injuries resulting from a failure in your business network security.

Electronic media liability
Covers the loss directly arising from an electronic media suit initiated by a third party who alleges the display of information on your business website resulted in infringement of another’s copyright, title, slogan, trademark, trade name, trade dress, service mark, or service name; defamation against a person or organization that is unintended; or a violation of a person’s right of privacy, including false light and public disclosure of private facts.

SECURA works with many types of industries, providing cyber security insurance solutions for businesses of all sizes.

Don’t see your industry listed? Have a conversation with your local agent to learn more about how SECURA Insurance is right for your business.

Cyber Safety Powered by Zeguro

Policyholders with a Cyber Security policy also have access to Cyber Safety by Zeguro - providing a holistic risk management solution to protect your people, processes and technology. Improve employee awareness with tailored training in cyber security, understand the do’s and don’ts of cyber safety and stay vigilant with monthly assessments. Some training topics include maintaining security at home, phishing, and passwords.

Register at zeguro.com

eRiskHub® Cyber Risk Management Portal

As a SECURA Cyber Security policyholder, you have access to the eRiskHub® Cyber Risk Management Portal. This portal provides tools to help you protect yourself against cyber-attacks and breaches. 

eRiskHub Login

Disclaimer: Our updated Cyber Security coverage is not available on renewal policies prior to February 2, 2022.

Common cyber security questions

What is cyber security insurance?

A cyber security insurance policy helps businesses cover the costs of recovering from a security breach or other cyber-related events, such as cyber extortion, data corruption, financial fraud, reputational loss of business, and more.

Who needs cyber security insurance?

If your business stores customer data like names, addresses, credit card info, or social security numbers, it must be kept secure. If you also earn revenue from European consumers or businesses, you may need to follow the General Data Protection Regulation (GDPR). Talk to your insurance agent about managing and protecting customer data.

What does cyber security insurance cover?

Cyber security insurance may cover legal costs, notification expenses, civil damages, computer forensics, data restoration, reputational damage, cyber extortion threats, investigator or negotiator costs, and any ransom payment made to eliminate the threat. For a detailed review of what cyber security insurance can protect your business from, speak with your local independent insurance agent.

Ask your SECURA agent for more information or find an agent near you.

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