Cyber Insurance, Solutions for Cyber Security - DBS SME Banking

Cyber Insurance

Protect your business against cyber threats

Cyber Insurance

Protect your business against cyber threats

At a Glance

In today’s connected environment, cyber security is a widespread concern. All too often, businesses do not fully understand their organisation’s cyber and data privacy risks until an event occurs. Any company can be affected by a breach of sensitive customer or employee information. Even the loss of a single laptop, if not properly managed, can turn into a public relations disaster. This product is underwritten by our insurance partner, Chubb Insurance Singapore Limited.

Features & Benefits

Key Coverages	Excluded Industries (for straight-through online application)
Business Interruption and Data Recovery Loss of profits, as well as recovery expenses due to a network security failure or attack, human errors, or programming errors. Incident Response Forensic IT services; Crisis communications and reputational mitigation; Legal advice and investigation costs, supported by incident reporting hotline and local vendor. Third Party Claims Legal liability resulting from cybersecurity breaches, including failure to maintain confidentiality of data, payment for fines and penalties. Regulatory investigations or enforcement proceedings expenses will also be covered. Network or Data Extortion / Blackmail Worldwide Cover	Adult Content Sites Credit Bureaus Credit Card Processor Data Aggregators Data Processors (BPO’s) Financial Institutions, Security and Commodity Brokers Hospitals Online Exchanges, Stock Exchanges, Virtual Currency Exchanges Payment Gateways Social Networking Sites Telecommunications, Internet Service Providers, Application Service Providers, Cloud providers, Search Engine Providers Universities Utilities (Water, Electricity, Energy etc) including Critical Infrastructure

Key Coverages

Excluded Industries (for straight-through online application)

Business Interruption and Data Recovery
Loss of profits, as well as recovery expenses due to a network security failure or attack, human errors, or programming errors.

Incident Response
Forensic IT services; Crisis communications and reputational mitigation; Legal advice and investigation costs, supported by incident reporting hotline and local vendor.

Third Party Claims
Legal liability resulting from cybersecurity breaches, including failure to maintain confidentiality of data, payment for fines and penalties. Regulatory investigations or enforcement proceedings expenses will also be covered.

Network or Data Extortion / Blackmail

Worldwide Cover

Adult Content Sites
Credit Bureaus
Credit Card Processor
Data Aggregators
Data Processors (BPO’s)
Financial Institutions, Security and Commodity Brokers
Hospitals
Online Exchanges, Stock Exchanges, Virtual Currency Exchanges
Payment Gateways
Social Networking Sites
Telecommunications, Internet Service Providers, Application Service Providers, Cloud providers, Search Engine Providers
Universities
Utilities (Water, Electricity, Energy etc) including Critical Infrastructure

For full list of cover and loss scenarios, please see here.