Remember that services that are exposed on the internet, even where patched regularly, are vulnerable to remote code execution or remote compromise. Beazley has many tools to help organizations recognize and remediate their specific vulnerabilities and exposures.

Despite best efforts, incidents can and will still occur – and the operational, legal, and reputational impacts can be significant. It’s important to work with an insurance carrier who understands threat actors’ habits and can provide guidance that ensures well-informed decisions. While it’s ultimately up to each insured to decide how to respond to an extortion demand, Beazley’s Cyber Services and Claims teams can assist with experienced direction and advice.

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Beazley’s comprehensive vendor services include privacy counsel, IT forensics, communications specialists, credit monitoring, dark web monitoring, ransomware negotiators, and denial-of-service mitigation experts. These services help insureds take a deliberate and measured approach to mitigation and recovery.

Bala Larson Bala LarsonHead of Client Experience
San Francisco

Data presented in this Cyber Services Snapshot is derived from incidents reported to Beazley.

The information set forth in this document is intended as general risk management information. It is made available with the understanding that Beazley does not render legal services or advice. It should not be construed or relied upon as legal advice and is not intended as a substitute for consultation with counsel. Beazley has not examined and/ or had access to any particular circumstances, needs, contracts and/or operations of any party having access to this document. There may be specific issues under applicable law, or related to the particular circumstances of your contracts or operations, for which you may wish the assistance of counsel. Although reasonable care has been taken in preparing the information set forth in this document, Beazley accepts no responsibility for any errors it may contain or for any losses allegedly attributable to this information.