Don’t Be a Statistic

In today’s digital landscape, cybersecurity is more critical than ever. With cybercrime damages projected to reach $10.5 trillion annually by 2025, safeguarding your business against these threats is essential.

Data Breaches

Data Breaches are security incidents in which unauthorized parties gain access to sensitive or confidential information. Let us safeguard your sensitive information and maintain your customers’ trust. We can provide protection to mitigate financial and reputational harm to your business.

Malware Infections

Malware, short for malicious software, is any intrusive software developed by cybercriminals (hackers) to gain unauthorized access to IT systems in order to steal data or disrupt system services or damage IT networks in any way. Examples of common malware include viruses, worms, Trojan viruses, etc.

Ransomware Attacks

Ransomware attacks are types of malwares identified by specified data or systems being held captive by attackers until a form of payment or ransom is provided.

First-Party Liability

First-party cyber liability Insurance helps you respond to data breaches on your own networks or systems.

Third-Party Liability

Third-party cyber liability Insurance helps pay for lawsuits caused by data breaches on a client’s network or systems.

Social Engineering

A sophisticated cyber-attack that aims to deceive the victim into believing that the perpetrator is a familiar and trustworthy individual. Subsequently, the hacker may request critical information, such as passwords, or initiate unauthorized fund transfers to their account.

Why Panthera

At Panthera Insurance Partners, we understand that the digital landscape is constantly evolving, and with it, the risks that businesses face. Our cyber liability insurance offers extensive coverage, designed to protect your business from a broad spectrum of cyber threats and vulnerabilities.

From data breaches to cyberattacks, our policies are tailored to address the unique challenges of today’s interconnected world. We provide coverage for the costs associated with data recovery, legal expenses, and regulatory fines, ensuring that your business is safeguarded against the financial impact of a cyber incident.

The Statistics

The average demand for a ransomware attack is $1.5 million and it takes an average of 287 days to identify and contain a data breach. Alarmingly, 60% of small businesses hit by a cyber-attack close within six months.

The average cost of a data breach has increased to $4.45 million per event, according to a recent IBM Security report. Cyber liability insurance can help protect your business from the financial and reputational damage of a data breach.

FAQs

  • What does your cyber liability insurance cover?

    Our policies cover data breaches, ransomware attacks, business interruption, and third-party liability.

  • Do you offer coverage for risks related to generative AI?

    Yes, we provide specific coverage for risks associated with generative AI, such as IP infringements and malicious AI use.

  • Are small businesses eligible for cyber insurance?

    Yes, our solutions are designed for businesses of all sizes, from startups to large enterprises.

  • How can I ensure my coverage is adequate for evolving cyber threats?

    We offer regular reviews and updates to ensure your policy evolves with emerging risks.