Chartis launches new cyber risk product
Chartis UK has launched a new cyber risk product covering areas such as data liability, network interruption and cyber extortion.
The insurer said that the product would help companies anticipate the domino effect of cyber attack or failure and minimise lasting damage.
“While companies understand the threat of a cyber attack or data breach, many remain unaware of the potential aggregation of cyber risks,” said Jason Grant, senior vice president, Financial Lines at Chartis UK.
“A single data leak or cyber attack can quickly lead to the build up of multiple problems such as shut down servers, regulator fines, informing
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