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Crime and Cyber Security Insurance Print

In a world where financial scandals seem to make the headlines weekly, you need to know you are properly protected.

And if there is one thing these scandals teach us, it is that no system of financial controls will ever be foolproof, no matter how well designed and implemented, no matter how trusted the employees running it.

With the Vorbach Advantage, we can review your risk exposures and controls with you and then offer protection program that will shore up your defenses against a potentially catastrophic crime or cyber security loss. Today’s criminals are more sophisticated than ever, whether it is an attack from the outside over the internet or fraudulent electronic instructions or someone inside your organization with access to funds working alone or in collusion.

Even “traditional” crime risks have become more sophisticated with the use of wire transfers and computer instructions to steal corporate assets.

Cyber Security risks include hackers obtaining confidential business data or personal data of customers then using that information to commit fraud or to extort money from the victimized corporation. Whether the extortion is successful or not, the corporate entity must undertake expensive notification of customers. In addition, hackers can also introduce viruses and cause expensive damage corporate computer systems.

“Standard” policies don’t offer the protection you need. The Vorbach AdvantageTM will help you know if you will want to consider coverages such as:

  • Employee Dishonesty
  • Forgery
  • Destruction and Disappearance
  • Premises Coverage
  • Transit Coverage
  • Computer Fraud
  • Funds Transfer Fraud
  • Money Order and Counterfeit Currency Fraud
  • Credit Card Fraud
  • ERISA Bonding Coverage
  • Worldwide Coverage
  • Broadened Definition of “Employee”
  • Internet Liability – disclosure of private information, intellectual property infringement, reputational injury, impaired access liability and similar risks
  • Cyber Extortion
  • Privacy Notification Expenses
  • E-Business Interruption
  • E-Vandalism

Not all insurance is the same. Not all insurance brokers are the same.

To protect your business from losses from crime or cyber security breeches, call the John L. Vorbach Company today at 212-294-4900.