Is your ecommerce business ready for cyber liability insurance

Real-World Examples of Cyber Liability Insurance in Action

Consider the case of a mid-sized ecommerce company that suffered a data breach affecting thousands of customers. The company’s cyber liability insurance covered the costs of legal defense, customer notification, and credit monitoring, totaling over $500,000. This example illustrates how insurance can mitigate financial damages and help businesses recover swiftly.

In another instance, a small online retailer was targeted by a ransomware attack. The insurance policy covered the ransom payment and the costs associated with data recovery, allowing the business to resume operations without debilitating financial strain.