Ah… technology! Its progress never ceases to amaze us. Today, our interpersonal relationships, our work schedules, our billing, our bank accounts and our business decisions depend on technological tools, which leaves the door wide open to data-hungry hackers.
For them, this data has monetary value and can be sold very easily on the so-called dark web, that part of the web inaccessible to people using popular browsers.
Does your company use the Internet in the course of its business? Like many others, it is therefore exposed to IT security risks. A single attack is enough to cause reputational damage, financial losses and even closure of your business. Cybersecurity measures do exist, of course, but if an incident does occur, do you have insurance protection to limit the damage? It’s vital to be well informed.
There are as many types of computer crime as there are people with malicious intent, but the most common against businesses are :
Whether you’re starting with just two employees or a larger company, the risks are unfortunately there! Hackers mostly target companies, because some of their behaviors are a golden opportunity for an attack:
First, training remains the best way to protect yourself from cyber attacks. If you are aware of your potential vulnerabilities and how they could be exploited, you will be better equipped to deal with them.
So take the time to teach your employees how to recognize cyber threats, how cyber attacks are conducted, and how to respond to a cyber attack.
As a second step, have a clear policy governing the use of personal computers or those provided. Also consider:
Again, there are many solutions on the market to protect you from the consequences of cyber risks. In the event of a lawsuit, an insurance policy provides cover against damages and also pays for the costs of defending your interests.
The good news is that, through your AQIII insurance program, you benefit from the following cyber-risk protections.
$500,000 for REMEDIATION AND NOTIFICATION FEES
$100,000 for CRISIS MANAGEMENT FEES
$100,000 for a LOSS OF DATA ASSETS
$100,000 for a LOSS RELATED TO THE INTERRUPTION OF NETWORK OPERATIONS
Intellectual Property Infringement (with a limit of $500,000 per certificate) Network breach and security (according to each certificate) Breach of privacy (according to each certificate) Personal data-related harm (according to each certificate)
Please refer to your certificate to validate the amounts or contact your broker!
Martine Lavoie mlavoie@ldpi.ca 514 868-6822 / 1 800 361-8715 #16822
Natacha Maben nmaben@ldpi.ca 514 868-6826 / 1 800 361-8715 #16826