CGU Cyber Defence

CGU Cyber Defence

CGU Cyber Defence Product Review

CGU Cyber Defence Protects your business against cyber exposures that can impact your business from direct costs to your business, and claims from third parties. Costs associated with defending cyber claims are also covered. CGU’s incident response team is on alert and ready to take action 24/7.

Key features:

  • All subsidiaries covered including new and former subsidiaries
  • Advancement of defence costs
  • Breach Coach helps you understand what needs to be done
  • Worldwide territorial cover no matter where the attack originated from
  • Covers you for privacy breaches of data you capture and held by service providers (e.g. Cloud, ISP’s etc)
  • Free 1 Hour cyber consultation to assess risk mitigation strategies
  • 24/7 Incident response team
  • Public relations consultancy costs to protect the personal reputation of senior executives

CGU Cyber Defence at a glance

Privacy Breach

Privacy protection against third party claims for loss of;

  • Personal Information
  • Commercially Confidential Information
  • Employee Information
  • Information held by Service Providers (e.g. Cloud, ISP’s etc)
  • Defence costs covered

System Damage

Cover for lost, damaged or destroyed;

  • IT systems,
  • IT records / data
  • Includes retrieving, repairing, restoring or replacing data, systems or hardware
  • Also, includes external IT forensic or security consultants costs

Business interruption

  • Cover for loss of profits due to a Cyber Event
  • No indemnity period restriction
    • Subject to a time excess of 12 hours
  • COMPUTER VIRUS & HACKING
  • Cover for liability arising from hacker attack or virus
  • Covers loss or theft of your data or data for which you are responsible
  • Attacks by employees and third parties covered
  • Includes loss by phishing emails or Denial of Services attacks

 

Computer crime (OPTIONAL EXTENSION)

Cover for crime losses (sub limit applies) including;
– Loss of money
– Covers loss of money from Service Providers systems
– Loss caused by rogue employee or third party

Multimedia Liability

  • Protection against libel, slander or defamation
  • Cover includes infringement of copyright, trademarks & trade names
  • Covers your defence costs and third party’s costs
  • Covers all your marketing material (digital or print)

Breach Of E-Commerce Statutory Duties

  • Covers breach of statutory duty from eCommerce relating to security & management of data
  • Defence costs and compensation payable to third parties

Extortion

  • Covers payment of ransom
  • Costs of negotiating/mediating a security threat
  • Covers crisis management costs to resolve security threats

Brand protection

  • Public relations consultancy costs to protect the
    company brands.

Personal Protection

  • Public relations consultancy costs to protect the personal reputation of senior executives

Privacy Fines & Investigations

  • Cover includes fines and penalties incurred by you due to a privacy breach
  • Includes cover for your defence and investigation costs

Privacy Breach Notification & Loss Mitigation

  • Covers your breach costs including credit monitoring, identity theft monitoring, data restoration and forensic costs
  • Includes your legal costs
  • Access to call centre support services
  • Covers actual or suspected privacy breach

Reward Cover

  • Covers reward expenses to secure conviction of perpetrators of hacking attacks
  • Include payment of money or property for securing a conviction

Download a Brochure PRIcyber_defence_productoverview

Compare Cyber Insurance

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Please note Cyberliabilitycomparison.com.au Insurance News is an information service sometimes provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

Compare Australian Cyber Insurers

Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on the inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs

 

 

Cyber Claim Scenario – Brand Protection

Cyber Claim Scenario – Brand Protection

(First Party Claim)

Brand Protection Example Claim

A leading software provider breached its obligations to Australian customers when hackers broke into its systems in 2013 and made off with loosely encrypted passwords and credit card details. The Australian Privacy Commissioner investigated the issue and ruled the company failed to take ‘reasonable steps’ to protect the personal information of 1.7 million Australians to the level demanded by domestic privacy legislation.

RESULT

The company engaged the services of a public relations consultancy firm to limit the brand/reputation damage associated with the findings.

CGU SOLUTION

CGU Cyber Defence provides coverage for the costs associated with regulatory privacy investigations and costs to engage a public relations firm to protect the company brand.

Source CGU

Speak to one of Insure 247’s brokers on 1300 046 787

1300-Insure

Please note Cyberliabilitycomparison.com.au Insurance News is an information service sometimes provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

Compare Australian Cyber Insurers

Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs