Cyber Security Coverage
Cyberinsurance continues to play a central role in managing cyber risk and protecting your organization’s balance sheet. The Diocese of Trenton maintains a Cyberliability Insurance Policy, and there may be some coverage for all churches, schools, cemeteries, and organizations under the umbrella of the Diocesan insurance program. Coverage is available for the cost of legal counsel, computer forensics, data restoration, and business interruption.
Most policies require notification to the insurer as soon as practicable or within a set period of time, and also require consent before engaging outside vendors or incurring expense. It is therefore imperative to address this step immediately upon discovery of an attack.
Our cyberliability insurance broker, Willis Towers Watson, closely monitors all new incidents. This type of attack, if not addressed quickly and effectively, could have far-ranging consequences to an organization’s reputation, network functionality and critical data.