Cyber and Data Security
Help your business bounce back after a cyber-attack
As businesses rely more on technology, there are a growing number of cyber-attacks every year. In fact, around 3 in 10 Singapore companies experience a cyber security breach every month.
That’s where cyber insurance comes in – to help protect business owners against online risks, such as computer hacking, ransomware or data theft.
What Does It Cover
Third-Party Cover
Cyber, data security and multimedia cover.
Extensions
- Financial transfer indemnification
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Hacker financial crime cover
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Loss of or damage to documents
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Withdrawal of content
First Party Cover
- Data breach notification costs cover
- Information and communication asset rectification costs cover
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Regulatory defence and penalty costs cover
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Public relations costs cover
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Forensics costs cover
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Credit monitoring costs cover
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Cyber business interruption cover
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Cyber extortion cover
EXCLUSIONS
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
IMPORTANT INFORMATION
Policies are yearly renewable, subject to the agreement of the Insurer. Premiums payable for these insurance policies are not guaranteed and may change at Policy Renewal Date at the Insurer’s full discretion.
All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.
Note: Buying a life and/or health insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
Policy Owners' Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).