CYBER FIRST PARTY LOSSES
CYBER FIRST PARTY LOSSES
Cyber first-party losses refer to the direct financial consequences of a cyberattack on a company’s own operations.
These include, for example, business interruptions, costs for IT forensics and recovery, as well as expenses resulting from data loss, system failures, or the resolution of a security incident.
Insuring against first-party losses helps limit the economic consequences of a cyber incident and restore business operations as quickly as possible.
What is covered?
✔ Business interruption and loss of revenue
✔ IT forensics and technical damage analysis
✔ Data and system recovery
✔ Costs for system cleanup and restart
✔ Expenses related to cyber extortion
✔ Crisis management and other necessary immediate measures
