Cyber-security is a vital component to each and every organization dealing with IT systems. When we think about cyber-security we may underestimate the impact it can have when it is about a data breach of confidential informations. Insurers within this field are raising deductibles and in some cases limiting the amount of coverage to $100 million, leaving many potentially exposed to big losses from hacks that can cost more than twice that.
The ubiquity of cyber risk raises many questions about all areas of an insurer’s business and organization. The price of cyber coverage which helps cover costs like forensic investigations, credit monitoring, legal fees and settlements varies widely, depending on the strength of a company’s security.
This is why Vortex make you save huge cost, it not only make you avoid fees for your daily communications but also make you drop a lot of risks when it is about cyber-security. Our protocol has been built upon military standards in order to provide you the best in terms of security.
Insurance buyers may be able to get more than $100 million in coverage by using a syndicate of insurers organized by a broker. Even so, some have warned they may not have adequate cover.
Vortex provide you secure communications within all your organization and therefore already provide you a very good coverage within this field.
Sources: pwc & venturebeat