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Improved CyberEdge Insurance Solutions from AIG

CyberEdge now offers businesses an improved end-to-end risk management solution to better manage cyber security risk. With a broader range of cover, our customers can feel confident that they have the right insurance in place to help safeguard against sensitive data breaches, computer hacking and more.

CyberEdge can now also provide businesses with an improved and highly valuable risk management service with a Breach Coach, IT Specialist Services and Public Relations Services to assist in the critical period after an incident occurs.

Overview

With recent data breaches hitting the headlines in Asia and New Zealand, loss of personal and corporate data has far-reaching implications for a company, its customers, and its employees.  Most high-profile stories in the media today address the type of data loss that impacts people on a personal level: credit card numbers, medical records, birth dates, ID/passport numbers and other private personal information. 

The impact from the loss of corporate data and information such as intellectual property and proprietary information is significant, and in the hands of a competitor or a criminal could severely disadvantage business.

CyberEdge is an innovative, specialist solution which addresses liabilities arising from data protection laws, the management of personal data and the consequences of losing corporate information.

Product Highlights

Cyber Breach Coach and First Response Services

Our dedicated panel of experts and specialists are available 24/7 to assist in the event of a cyber breach. The panel is co-ordinated by a Breach Coach who will triage the first notification and assist the business throughout the duration of the incident including using the support of IT Specialists and Public Relations Services.

 

Targeted Risk Prevention

CyberEdge is a specialist cyber insurance policy that has been specifically designed to respond to a much broader range incidents and risk exposures that are not covered under conventional property and casualty insurances.  

Broad Range of Optional Extension Coverages

Our updated CyberEdge policy provides a broad range of optional extension coverages that include Criminal Reward Fund, System Failure, Electronic Data Incident and more.

For a full list of optional extensions see our product profile in the documents section below.
 

Access to Cyber Insurance Experts

Our dedicated cyber underwriters have the expertise and experience to ensure the policy is specifically tailored to your business’s needs.  

Video Library

Watch the video to learn more about AIG Cyber Insurance.

Watch the video to know more about Cyber Security breaches.

Breach Coach and First Response Services (Standard)

Our dedicated panel of experts and specialists are available 24/7 to assist in the event of a cyber breach. The panel is co-ordinated by a Breach Coach who will triage the incident and assist the business throughout the duration of the incident including using the support of IT Specialist and Public Relations Services.

 

IT Specialist and Public Relations Services (Standard)

Covers the cost of IT specialists and Public relations consultants in connection with an actual or suspected breach.

 

Cyber Extortion (Standard)

Covers losses in relation to an extortion threat, including sums paid to end the threat as well as fees incurred from specialist cyber extortion advisors.


Network Interruption (Standard)

Covers the loss of profit due to an interruption to the policyholder’s network following a cyber breach.

 

Electronic Data Incident (Optional)

A cybersecurity breach isn’t the only reason data can be lost or corrupted. Power surges, natural disasters, overheating and physical vandalism can also result in data not being accessible. The Electronic Data Incident extension simply adds another insured event to the Incident Response Management section of a CyberEdge policy.

 

Computer Crime and Telephone Hacking (Optional)

Covers direct financial loss from fraudulent electronic transfers, and costs incurred in relation to unauthorised access to the policyholder’s telephone system, in connection with a cyber breach.

 

Today, almost every business is dependent on their critical data, and face significant potential losses through compensation, fines, business interruption or reputational damage, in the event that the sensitive data enters into the public domain.

Our enhanced CyberEdge product is designed to cater to a broad range of businesses handling 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.

Downloads

24 Hour Cyber Hotline

In the event of a data breach, AIG policyholders should call the AIG Cyber Hotline on 0800 446 658 without delay.