Cyber Crime Insurance

The Cyber Crime insurance covers the losses relating to damage or loss of information from, IT systems and networks. This policy generally include significant assistance with and management of the incident itself, which can be essential when faced with reputation damage or regulatory enforcement.

What is the difference between crime and cyber?

IN SHORT: Crime policies cover the direct loss of your funds, whether through maleficence, employee dishonesty or social engineering whereas cyber policies cover economic damages arising through a failure of network security or privacy controls which may cause indirect losses.