Protect your business when cyber incidents happen
Essential cyber incident response services packaged together with best-in-class insurance to help your business effectively deal with the cyber attack and recover quickly.
Cyber incidents are painful
It can be stressful when you get hit with a cyber attack. Not to mention many costs are involved, including forensic, cyber extortion, data restoration, notification and public relations costs.
And if you fail to keep third party data secure, you can potentially be faced with legal defence costs, fines, penalties and investigations.
Costly
The typical cost of a cyber incident to a startup in Southeast Asia exceeds $300k and has increased by over 45% in the last five years
Uncontrollable
Human factor accounts for 55% of the cyber breaches, making it nearly impossible to prevent through cyber security alone
Growing
6x increase in phishing attacks over the last year, more than doubling during the period of everyone working from home
Protection solution that works
Policy coverage limits of S$500,000, S$1,000,000 and S$2,000,000
Key policy benefits
1. Coverage to respond to breaches and attacks
Incident response services
Forensic investigation
Data restoration
Cyber extortion costs
Legal representation costs
PR crisis management
Customer and regulator notification
2. Protection if you fail to keep third party data secure
Legal defence costs
Investigation costs
Fines and penalties
3. Recovery for loss of profits due to a cyber incident
Business interruption due to malicious attacks, unauthorised access, damage to data or programs, system outage, network interruption or degradation of network
4. Protection in the event of social engineering, phishing, phreaking and cyber fraud
In the event of deception to manipulate individuals to disclose confidential or personal information that may be used for fraudulent purposes
Sub-limit of S$75,000
Key policy exclusions
Deliberate acts by the insured
Fraud and dishonesty
Costs arising from upgrading of applications, systems or network
Losses arising from failure or outage of power, utility services or telecommunications
Prior known facts
Download the full policy wording
Established in 2009, DUAL Asia is an insurance underwriting agency committed to delivering innovative insurance solutions in the financial lines area.
MSIG Singapore, a member of the MS&AD Insurance Group has partnered with DUAL to provide specialised insurance solutions for the financial lines area.
