Ransomware
A minor malware incident spread into a backup system that had not been properly segmented.
The impact
- All active projects had to be restored manually
- 1,500 hours of rework
- $300,000+ total loss
Takeaway
Backup integrity is one of the largest determining factors in the severity of A&E cyber claims
The claims scenario is strictly documented for illustrative purposes only and provides an example of what a policy could cover. It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.