Cyber Insurance coverage covers the cost of forensic services, notification costs, and the cost of providing credit monitoring to customers. However, it does not protect your reputation with new customers, or retain upset customers that have been impacted. It does not protect your sensitive company or customer data, nor does it protect your business bank account or credit cards. In addition, have you read through your policy? These type of policies have many exclusions. Are you performing the necessary security procedures to keep your policy in force?
TJM Professional Services can assist you in keeping your Cyber Insurance policy in force. The only thing worse than not having proper insurance coverage, is paying premiums for a policy that will not cover you in the event of an incident.