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SecBox collaborates with Bajaj Allianz

Cyber INSURE your Business with SECBOX 

Why Cyber Insurance ?

Cyber insurance protects the organization for the damages/costs incurred by them due to legal claims resulting from Data Breach or Privacy Breach, Virus or the cyberattack.
Also covers organization’s own losses due to Business Interruption, Extortions.
It protects the organization against huge financial losses associated with cyber attacks.


- 'Cyber Attacks’ – Today’s a top most global risk

- Almost all industries are at risk for cyber attack, may it be a small or large businesses.

- Legal Liability coverage due to privacy breach, data breach, Data replacement, Data Recovery costs

- Brand reputation at risk due to cyber attack, it can erode the trust of your customers have for you.

- Cybercriminals are after all types of data – PII, PHI, PCI, Client information etc

- Incident might happened locally, but its effect can be Global

- Increase cloud storage threats due to cyber attacks

- Reduction in net profit and additional expenses to mitigate the Business Interruption risks​

Why are CYBER-Attacks Initiated ?

❖ Acquiring unauthorized access to a digital network, system or its data.
❖ Denial of service
❖ Virus or malware installation
❖ Hacking a website for unsolicited purposes

❖ To get access to personal and secure information of people and businesses
❖ Unauthorized use of a computer
❖ Attackers looking for ransom

Most Common types of CYBER Attacks

Malware is considered as software that is intentionally developed to disrupt computer, server, client, or computer network. Malware can be in the form of scripts, executable codes, active content, and other malicious software

 

Ransomware is a form of malware that encrypts a victim's files. The attacker then demands a ransom from the victim to restore access to the data upon payment.

 

The main aim of Phishing is to steal restricted and private information such as credit card details, login ids, and passwords, etc. By impersonating oneself as a reliable establishment in electronic communication. It is usually done through email spoofing or instant messaging.

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In denial-of-service attack (DoS attack) the offender tries to make digital assets inaccessible to its anticipated users. The offender provisionally interrupts services of a host who is linked to the Internet.

 

Man-in-the-middle (MitM) the invader covertly modifies the chats and dialogues between two people who are communicating with each other. The communicators are made to believe that they are directly communicating with each other without any interference from any third party. But the truth is that the whole communication is controlled by the invader while making the communicators believe that they are talking to each other. It is also known as eavesdropping.

ed accounts.

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A Structured Query Language (SQL) injection attack allows the intruders to run malicious SQL statements. These SQL statements have the power to take over the database server. It is widely used by attackers to get access over Personal data, Intellectual Property, Customer Information, Trade Secrets etc.
An SQL Injection allows intruders to fiddle with various databases including MySQL, Oracle, SQL Server, or others. It is widely used by attackers to get access over personal data, Intellectual Property, Customer Information and more.

 

A zero-day (0day) exploit is a cyber attack targeting a software vulnerability which is unknown to the software vendor or to antivirus vendors. The attacker spots the software vulnerability before any parties interested in mitigating it, quickly creates an exploit, and uses it for an attack. Such attacks are highly likely to succeed because defenses are not in place. This makes zero-day attacks a severe security threat.

Privacy and Data Breach Cover:

  • Policy covers Damages and Defence Costs arising from a Claim first made against an Insured,

  • Response Costs

  • Affected Person

  • Client  to whom the Insured provides services and/or goods 

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Policy covers Damages and Defence Costs arising from a Claim :

  • Media Liability Claims Cover

  • Network Security Claims Cover

  • Regulatory Costs and Fines Cover

  • E-Payment / Contractual Penalties:

Insuring Clauses – Coverage Under Policy

A : Third Party Liability

B: First Party Business Interruption and Crime

Business Interruption Loss and Restoration Costs Cover:

  • Policy covers loss of net profit and Additional Expenses as a direct result of the total or partial unavailability of the Company’s Computer System which is caused by a Business Interruption Event and which exceeds the Waiting Period.

  • Additional Expenses means the reasonable and necessary cost incurred

  • Restoration Costs incurred as a direct result of a Business Interruption Event

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Hacker Theft Cover:

  • Policy covers Insured’s own IT Theft Loss due to Funds wrongfully or erroneously paid by the Insured

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Cyber Extortion Cover:

  • Policy covers Cyber Extortion Loss that the Insured incurs solely and directly as a result of a Cyber Extortion Threat.

Crisis Communication Cover:

  • Policy covers Public Relation Expenses incurred by the Insured to prevent or reduce the effects of negative publicity which the Insured reasonably believes to arise from an event covered under this Policy.

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Consultant Services Cover:

  • Policy covers Consultant Costs incurred by the Insured in order to prove the amount and the extent of a covered Loss and to investigate the

    source of such Loss and adequate steps to mitigate it.

 

C. SERVICES

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