Products: Chubb launches cyber security product

Hacker

The policy, which provides coverage for financial loss arising out of a data security breach by offering cover for associated first party and third party liability losses, has been based on Chubb’s US offering.

The insurer warned that a company holding data could expect to suffer a breach, be it from an employee leaving an unencrypted laptop or data stick on a train or a full-blown attack by professional and criminal hackers.

Michael Thyssen, European product manager at Chubb, commented:

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