Table of Contents

Table of Contents

Coverage Summary Cyber Evaluation and Underwriting Cyber Risk Claims Market Update

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Cyber Coverage Summary

Privacy Breach

(theft, loss & unauthorized disclosure of confidential information

including cyber extortion)

Security Breach

(unauthorized access/use, alteration of data, virus transmission & DoS including cyber extortion)

Media Injuries

(content-based injuries)

E&O

(professional services)

1st Party Loss

Breach response expenses*

Extortion expense/ payment

3rd Party Liability

Damages

Defense costs

Regulatory defense and penalties

PCI fines

1st Party Loss

Breach response expenses*

Extortion expense/ payment

Loss of income/extra expenses (BI and Dependent BI)

Data restoration cost

3rd Party Liability

Damages

Defense costs

Regulatory defense and penalties

PCI fines

3rd Party Liability

Damages

Defense costs

3rd Party Liability

Damages

Defense costs

* Breach response expenses include computer forensics expenses, crisis management costs, legal costs, notification costs, consumer credit monitoring services and call center

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Technology, Privacy & Data Breach Exposures Most Common Exposures

Professional Services Personal Information Corporate Information Network Security Failure Regulatory Proceedings Internet Content Cyber Extortion Business Partner Exposures

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What to Consider With Cyber?

To Set a Retroactive Date ? Network Connectivity is at the forefront of the developing world. Most breaches are not discovered until months after the initial intrusion.

Network Business Interruption ? As companies become more dependent on network capabilities, potential exposure related to business interruption increases:

Privacy Event Costs: ? Do you carry high amounts of Personally Identifiable Information? ? Direct Sales/Retail & E-Commerce ? Protected Health Information ? Customer Information ? Full Time Employees ? Background Checks ? Theft, Extortion, or Destruction of critical information assets

Reputation PR Costs: ? Companies are highly dependent on Brand Recognition and Reputation. Cyber offers coverage for Public Relations costs subsequent to a breach. .

Regulatory Coverage (For Privacy Event Only) ? Federal and State Regulators frequently fine entities that have a privacy event . More activity from the FTC and SEC

Protect Financial Statements ? Costly breaches create disruptions in stock value. ? SEC identifies Cyber Risks as potential material for disclosure

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Average Time to Identify a Data Breach

Number of Days

Time to Identify Data Breach

250

205 206 200 188 150 100

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Average Time to Identify

Average Time to Contain

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Study

Please Note:

Trustwave data taken from the 2015 Trustwave Global Security Report (n = 574)

Mandiant data taken from the 2015 Mandiant MTrends Beyond the Breach study

Ponemon data taken from the Ponemon Institute 2015 Cost of Data Breach Study: Global Analysis (n = 350)

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