Cyber Liability

Cyber Liability Insurance

Beat the hackers with our insurance professionals
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Monte
Let's Talk Cyber Liability

Cyber Liability is the term used when a person or company has their computers, networks and IT Infrastructure breached or has their computers and or networks used for criminal activity. In the information age technology has become an indispensable tool that has not only become a part of everyone’s daily lives, but also the key driver in business moving forward, making it a necessity.

The good news is that the correct cover for all the risk associated with Cyber Liability has been developed. This cover ensures that clients can have the same protection and peace of mind as they do with more familiar forms of insurance cover, so that they can focus on growing their businesses in safety.

Let The Facts Speak For Themselves

The South African Banking Risk Information Centre has shown that South Africans lose in excess of R2.2bn to internet fraud and phishing attacks annually. This statistic should cause everyone to stand up and take notice.

Typical Impacts From Cyber Liability Include The Following:
  • System downtime or unavailability
  • Data Loss
  • Revenue Loss
  • Loss of Competitive Advantage
  • Litigation as a result of compromised data
  • Ransom
  • Reputational damages and the costs of mitigating further impacts as a result of a breach or series of breaches
  • Regulatory and Industry related penalties
Quality Insurance

We strive to provide the product that is best suited to your needs, at an affordable price – with the added benefit of making sure that you are always claims ready. Not to mention, you are provided with a dedicated broker that you have 24-hour access to.

At MBFS we strongly believe in personal interaction as opposed to communication through automated response – and it's a philosophy we stand by.

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