What to Do Immediately After a Cyber Attack on Your Business
Key Points: A cyber attack on your business demands immediate, calculated action. Begin by isolating systems, preserving evidence, and notifying the right stakeholders. Speed, accuracy, and a well-documented response process are key to minimizing the damage. Below is a breakdown of what to do immediately after a cyber attack on your business, including steps that […]
Filing a Cyber Insurance Claim for a Distributed Denial-of-Service (DDoS) Attack
Key Points: For businesses affected by these disruptions, the ability to recover costs hinges on one critical step: knowing how to correctly file a cyber insurance claim. This article breaks down how policyholders can successfully file a cyber insurance claim for a Distributed Denial-of-Service (DDoS) attack and maximize their coverage. Filing a Cyber Insurance Claim […]
What to Do If You Experience a Data Breach: Cyber Insurance Claims Guide
Key Points: According to IBM’s 2023 Cost of a Data Breach Report, the average data breach cost in the U.S. has reached a staggering $9.48 million—the highest globally. And while cyber insurance can offset some of that financial blow, knowing how to file a claim properly can make or break your recovery. Once a breach […]
Tips for Filing a Cyber Insurance Claim After a Data Breach
Key Points: Start by notifying your insurer immediately, documenting the breach thoroughly, and ensuring you’re aligned with your policy’s terms. Acting fast, staying organized, and having a clear understanding of your cyber insurance coverage are key to successfully filing and managing a claim after a data breach. Data Breaches Are Surging—and Policyholders Must Be Ready […]
Cyber Insurance Claims and Business Interruption: What You Need to Know
Key Points: In 2024 alone, U.S. businesses suffered an average loss of $4.88 million per data breach, according to IBM’s Cost of a Data Breach Report. Beyond data loss and reputational damage, the financial fallout from business interruption can bring operations to a grinding halt. That’s where cyber insurance claims and business interruption coverage come […]
How to Document a Cyber Insurance Claim After a Hack
Key Points: To document a cyber insurance claim after a hack, gather all logs, evidence, and communication related to the breach, report the incident immediately to your insurer, and keep records of all actions taken to mitigate the damage. This documentation forms the foundation of your claim and helps ensure proper compensation. Why Documentation Matters […]
Types of Cyber Insurance
Key Points: Cyber insurance helps protect businesses from financial losses due to cyber incidents. There are different types of cyber insurance coverage, each tailored to specific risks. Public adjusters can help with the claims process to ensure fair compensation after a cyber incident. Cybersecurity threats are at an all-time high. In 2023 alone, the global […]
Cyber Insurance Claim Examples
Key Points: Cyber insurance protects businesses from financial losses caused by cyber incidents, such as data breaches and ransomware attacks. Common claims include expenses for data recovery, regulatory fines, and legal defense costs. Public adjusters, like Crestview in New York, assist policyholders in maximizing their claims for cyber incidents. Cyber insurance helps businesses recover from […]
What Does Cyber Insurance Cover?
Key Points: Cyber insurance protects businesses against financial losses from cyberattacks, data breaches, and other digital threats. Coverage includes first-party costs like data restoration and third-party liabilities like legal fees. Policies may vary, so understanding specific inclusions and exclusions is critical for proper protection. Cybercrime is on the rise, with the global cost of cyberattacks […]
Is Cyber Insurance Worth It?
Key Points: Cyber insurance can be a valuable tool for businesses, but it’s not always the right fit for every organization. The scope of cyber insurance coverage varies, and it’s crucial to understand the specific risks you’re trying to protect against. Working with a public adjuster like Crestview can help you navigate cyber claims and […]
