Russian Banks and Retailers will be Able to Insure their Cyber-Risks
07.11.2012 788 views
Chartis insurance company has presented a new insurance product for the Russian market. It has to be in high demand especially in the banking and retail industries. The product is a cyber-risks insurance program for legal entities. According to Vladimir Kremer, Financial Lines Manager at Chartis Insurance, if an insured event occurs the Chartis clients get consolidated support in the areas of IT, anti-crisis communications and legal issues related to the incident consequences. CyberEdge policy coverage includes compensation of losses occurred as a result of the data security compromise caused by the insured company (or its subcontractor), including the losses occurred as a result of the computer network security breach, fees and costs of legal support and representation due to the investigation held by the state authorities.