Financial Institutions Cyber Insurance

Financial Institutions of all shapes and sizes rely on IT and automated systems to operate effectively.

This dependency on technology creates new risks and makes Financial Institutions an attractive target for cyber criminals who will seek to extort, threaten and ultimately profit from vulnerabilities within your IT infrastructure.

There are also less malign data related risks to consider such the exposure created by GDPR (General Data Protection Regulation) which brings with it onerous obligations in respect of the handling of client data and hefty penalties for non-compliance.

Champion Professional Risks have extensive experience in arranging Cyber Insurance for Financial Institutions to protect against a wide range of cyber threats and can include the following covers:

• Emergency Response
• Cyber Extortion
• Cyber Liability
• Business Interruption
• Data Breach Notification Costs
• Restoration of Systems
• Public Relations
• IT Forensics
• Credit Monitoring
• Telephone Hacking
• Computer Crime