The losses associated with a cyber attack can have a devastating impact on your business. As the cyber landscape continues evolving and the threat becomes more severe, cyber insurance claims are more frequent and increasingly complex.
Financial loss
Cyber attacks and data breaches can result in business interruption and subsequent financial loss. This includes the cost of responding to the incident and paying ransom demands
Reputational damage
A cyber attack or data breach can damage your organization's reputation, leading to a loss of customer trust and a decline in business
Legal liability
If your organization fails to adequately protect sensitive data or meet regulatory requirements for data protection, it could face legal liability, including fines and lawsuits
Impact on shareholder value
Cyber attacks and data breaches can have a negative impact on your organization's stock price and shareholder value
To offset the risk of a cyber attack, organizations need a reliable cyber insurance policy to protect against the resulting economic damage. But once an incident occurs, navigating a cyber insurance claim comes with its own set of complexities.
The claims process is dynamic, so expert forensic accountants’ support provides the experience to assist policyholders with cyber insurance recovery. Sigma7 will help you prepare a cyber-related insurance claim, ensuring that all appropriate costs are tracked and submitted to speed up your settlement and recovery.
Accurately calculate your cyber values
Precisely quantify your losses
Reliably document and track a cyber-related loss
Review your policy and establish your level of coverage
Fully determine the impact on your operations
Achieve a fast and fair recovery from your insurer
Better prepare your team for future threats
Mitigate the impact of cyber attacks
