Chubb enters European cyber protection market

The provider said the product would provide coverage for financial loss arising from a data security breach, which included cover for associated first party and third party liability losses.

Michael Thyssen, European product manager at Chubb, said: “Any company that owns, holds or controls personal and confidential data can expect to suffer a data security breach – be it from an employee leaving an unencrypted laptop or data stick on a train, to a full blown attack by professional and criminal