CAUSES OF DATA LOSS:

MALWARE/VIRUS

INSIDER CAUSES

LOST/STOLEN LAPTOP OR DEVICE

HACKERS

OTHER

SECTION A: CYBER INCIDENT RESPONSE COSTS

This section addresses coverage for the initial support, advice, and consultation with our cyber incident response manager.

EXAMPLE: When a data breach occurs, having an experienced, knowledgeable and professional cyber incident manager assisting your business in the recovery process, is one of the most critical first steps in addressing a breach.

SECTION B: LEGAL & REGULATORY COSTS

This section addresses coverage for legal advice, drafting notification letters, notifying regulatory bodies and defending regulatory actions/investigations.

EXAMPLE: : Each state has unique privacy regulation laws that require notification to third parties who have been affected by a breach.  Having an experienced data breach law firm drafting this notification letter, ensures compliance with the constantly evolving individual state laws.

Source: Net Diligence 2016 Cyber Claims Study

Note: this information is presented for your convenience, but in no way does it alter the actual contract(s) of insurance. For coverage details, please refer to the policy(ies) for actual language. In the event of conflicting statements, the policy conditions supersede this document.