Cyber incidents and your business
A 2022 study by NetDiligence shows that small and medium-sized enterprises face an average cost of $455,000 per cyber incident, raising concerns for businesses watching every dollar. Cyber incidents can also go beyond financial implications - your good name, the trust of your customers, and the integrity of your data are all areas cyber criminals can cause significant impact.
That's where CyCloud steps in. It's designed to shoulder these burdens, covering everything from legal bills and PR to technical investigations. With the right coverage, you can bounce back faster, ensuring that one cyber incident doesn't derail your hard work or your future.
Making Cyber insurance simpler
At WTW, we understand the challenges businesses of all sizes encounter when it comes to identifying and mitigating cyber risks. That's why we've refined, improved, and simplified our approach to purchasing cyber insurance – introducing CyCloud. Our new application process includes a comprehensive cyber risk assessment which evaluates your businesses cyber controls and combines with a streamlined and intuitive digital insurance application form that removes the need for duplication. In addition, the cyber policies can be tailored to your business needs to ensure that your business is equipped with appropriate and proportionate cyber insurance.
Navigating cyber risks with confidence
Concerned about vulnerabilities in your digital environment? You're not alone.
Key features and benefits
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01
Advanced cyber risk awareness
Through the comprehensive cyber control assessment, we help you identify and prioritise potential weaknesses in your cyber control’s infrastructure. This helps in strengthening your overall cyber defenses and reduce risks.
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02
Cost-efficient coverage
Our advanced risk modelling tool ensures that you purchase the coverage that precisely fits your needs. This means effective protection without overspending on unnecessary coverage.
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03
Rapid business interruption pay-outs
Choose the parametric cover option for scenarios like cloud outages. This feature is designed to significantly reduce the downtime and operational impact on your business, providing swift financial support when you need it most.
How CyCloud compares to traditional cyber insurance?
In today's fast-paced digital world, choosing the right cyber insurance is crucial. Let's explore how CyCloud stands apart from traditional cyber insurance offerings:
Key differences explained
We value your time. Our application process is designed to be completed in less than 30 minutes, making it significantly quicker than the often-lengthy procedures of traditional cyber insurance.
Both CyCloud and traditional offerings provide solutions that can be customised. However, our approach is coupled with a faster and more efficient evaluation process.
This is where we truly shine. Unlike traditional options, we offer a control assessment, preformed by Safe Security, adding significant value to our service. This helps in identifying and addressing vulnerabilities effectively, ensuring that your coverage meets your specific needs. In addition, the control assessment can be run twice more during the year to keep abreast of your security controls.
In summary, CyCloud offers a more efficient, comprehensive, and accessible approach compared to traditional cyber insurance, ensuring that your business is not only insured but also proactively protected against evolving cyber threats.
Your Trusted Partner in Cyber Resilience
Ready to Enhance Your Digital Defense?
Download
| Title | File Type | File Size |
|---|---|---|
| CyCloud: What happens when your cyber defenses are breached? | 1.1 MB |
