Cyber – Business Interruption Claims

cyber-attack-data-breach

Cyber is critical and must be covered off with clients since it is now an established exposure. Gary Gribbin, IBNA Limited Chairman has listed below the Cyber matters that they've paid last year. There were a similar amount prior year and some higher claims the year before and they have a $500k matter in the pipe at the moment.

Brief description Approx Paid
   
Insured suffered multiple cyber-attacks. Potential BI loss. Crawfords assisting Insured.

0.00

Insured suffered a crypto-locker attack leading to a significant impact upon the business.

35,000.00

On 15 June 2016 the Insured suffered a crypto-locker attack. The Insured was unable to open their electronic files unless a certain amount of money was paid. The Insured suffered BI.

100,000.00

Insured may have suffered a cyber-attack. Awaiting further information.

0.00

Insured may have suffered a cyber-attack. Awaiting further information.

0.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

5,000.00

Insured may have suffered a cyber-attack. Awaiting further information.

0.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

3,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

1,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

2,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

6,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

4,000.00

Costs incurred for cyber-attack were within $5K ded on cyber extension

0.00

The Insured suffered a cyber attack leading to privacy breach issues. Cyber Extension responded.

25,000.00

Insured may have suffered a cyber-attack. Awaiting further information.

0.00

Insured may have suffered a cyber-attack. Awaiting further information.

0.00

The Insured suffered a cyber attack leading to privacy breach issues. Cyber Extension responded.

2,500.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

5,500.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

5,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

7,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

2,500.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

1,800.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

4,500.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

12,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

10,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

0.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

5,000.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

0.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

0.00

Insured suffered a crypto-locker attack. Matter covered under KRE Coverage Section of FF Policy.

18,000.00

Legislation was also finally passed on mandatory notification laws from a cyber breach for companies which generate greater than $3m in revenue. This will demand the need for a cyber policy to cover third party liability in addition first party expenses due to the cost of notification, in some cases on a quantum.