ASUREPRO Cyber Guard is a cyber risk protection plan that covers businesses against losses from cyberattacks like hacking, data breaches, denial of service attacks, viruses, and more. With increasing digitization, cyberattacks pose a growing risk to businesses. This plan typically covers common cyber risks, covering both first-party losses and third-party legal claims in scenarios like data theft, hacking, ransomware and cyber extortion, data center hacks, and more.
Who needs Asurepro Cyber Guard protection plan?
- Credit card numbers or other payment information.
- Personally identifiable information (PII) including names, email addresses, phone numbers, addresses, Social Security numbers, driver’s license numbers, and more.
- Protected health information, including medical records and patient payment history.
- Trade secrets or patent applications.
- Usernames, passwords, and other login information
The cyber liability protection service covers financial losses from cyber events like data breaches, hacking, viruses, denial of service attacks, etc. It comprises two components: first-party coverage and third-party liability coverage. The first-party coverage protects the company's expenses in case of a data breach or hack, while the third-party coverage protects against lawsuits from customers, vendors, partners, etc. for a data breach. Businesses can opt for either or both types of coverage.
First-party coverage protects against financial losses incurred from a data breach, hack, or cyber event. It covers the expenses of responding to and recovering from a data breach, including:
First-party coverage protects against data loss, damage, or corruption from a hack, virus, or denial of service attack, including data belonging to others stored on your systems. It covers the cost of restoring or recovering lost or damaged data and hiring consultants. However, it does not cover data loss from business or employee mistakes. If a data loss causes business interruption, the coverage can reimburse for loss of business income.
Third-party liability coverage from cyber liability protection plan covers lawsuits from clients or others for breach of security or privacy. It protects against claims for failure to protect data belonging to customers, employees, vendors, or others.
This coverage can include: