Cyber Liability Coverage

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Cyber Liability Coverage
  

Most business functions rely on computers and the Internet in some capacity. With the convenience of using computers comes many risks, including viruses erasing your entire system, hackers breaking into your system and altering files, someone using your system to attack others or someone using your financial information to make unauthorized purchases. An information security breach, virus or malfunction can stop a business in its tracks.  As a result, companies must respond by preventing, detecting and responding to cyber attacks through a well-orchestrated cyber security program.

  
Recognize Your Cyber Risks:

Hackers, Attackers and Intruders
o These terms are applied to people who seek to exploit weaknesses in software and computer systems for their personal gain. Although their intentions are sometimes benign, their actions are typically in violation of the intended use of the systems that they are exploiting.
o The results of this cyber risk can range from minimal mischief (creating a virus with no negative impact) to malicious activity (stealing or altering information).
 

Malicious Code (viruses, worms and Trojan horses)

o Viruses: This type of code requires that you actually do something before it infects your system, such as opening an e-mail attachment or going to a particular Web page.
o Worms: This code propagates systems without user interventions. They typically start by exploiting a software flaw. Then, once the victim’s computer is infected, the worm will attempt to find and infect other computers.
o Trojan horses: This code is software that claims to be one thing while it is acting differently behind the scenes (program that claims to speed up your computer system but is actually sending confidential information to a remote intruder).

Telamon offers cyber liability coverage for businesses that use electronic data, computers and networks to manage information.  This coverage can protect subscribers from third party claims such as an infected e-mail that brings down a supplier's network, or claims related to privacy, injury, identity theft, or network damage.  For more information contact us today at 888-349-0659.