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Innovative, specialist protection for cyber liabilities.
CyberEdge offers businesses an end-to-end risk management solution to stay ahead of the curve of cyber security risk. CyberEdge helps our customers to prevent and safeguard against data breaches, computer hacking, employee error, and more.
From our innovative loss prevention tools, which help educate and potentially prevent a cyber security breach, to the services of our Data Crisis Response Panel if a breach does occur, our customers receive responsive guidance every step of the way.
Data leaks and data losses can lead to PR nightmares, while attacks could lead to the shut-down of servers and loss of both confidence and profits. AIG understands this and provides a package of protection that includes insurance and specialist advice.
CyberEdge is designed to respond to a variety of cyber risk exposures not covered under conventional property and casualty insurances.
AIG has a dedicated claims team in Australia offering rapid response and guidance in the event that a cyber matter is notified.
Key features include:
Response Management: A CyberEdge policy provides access to a cyber-incident response team comprised of industry specialists and covers the PR costs of reducing the damage it could cause to your reputation. Includes forensic services following a data breach; assistance to repair company and individual reputations; breach response advisors and associated notification costs.
Data liability: Covers the financial consequences of lost or misappropriated customer or employee data.
Fines and investigations: Covers the potentially significant costs and expenses of a data protection regulator’s investigation and fines following data security breaches.
Electronic data: Covers the cost of restoring, recollecting or recreating data after a leak or breach.
Digital Media Liability: Covers the damages and defence costs incurred in connection with a breach of a third party's intellectual property rights, or negligence in connection with electronic content.
Cyber/Privacy Extortion (optional): Covers any ransom payments to third parties required to end an extortion threat.
Network Interruption (optional): Covers the loss of net profit due to an interruption to the customer’s network following a cyber breach.
Outsource Service Provider: covers losses and mitigation costs arising from an OSP failure
Today, almost every business is dependent on their critical data, and face significant potential losses through compensation, fines, or business interruption should that data enter the public domain.
CyberEdge should be considered by any company that handles data or private corporate information, whether it be identity card numbers and corresponding profiles of employees, credit card information, sensitive demographic information about customers, information on budgets, customer lists, share prospectus or marketing plans.