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Cyber Claims

 

“One of the main cyber-risks is to think they don’t exist.

The other is to try to treat all potential risks.”

 

Stephane Nappo

2018 Global CISO of the Year

Quality documentation and forensic analysis is the cornerstone to effectuate a positive result on a cyber claim. Most cyber risk policies include coverage for business interruption or loss of income and extra expenses associated with a breach, which typically can make-up some of the more significant costs. When a cyber business interruption loss occurs, it is the responsibility of the Risk Manager or Policyholder to lead the development and presentation of losses caused by the event. Immediately after a loss, significant attention, leadership and data analysis are required to fully document a claim.

Keep in mind that a complex loss will be evaluated for insurance purposes or for a general audit; therefore it is essential to quickly establish a claim validation and presentation process to capture and document all loss-related costs.

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Our Expertise

 

EVP Frank Russo CyRM

Certified Cyber Risk Manager

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Client Resources

 

Procor’s Cyber Loss Mitigation Checklist

Quality documentation and forensic analysis is the cornerstone to effectuate a positive result on a cyber claim. Most cyber risk policies include coverage for business interruption or loss of income and extra expenses associated with a breach, which typically can make-up some of the more significant costs. Risk Managers will find Procor’s Cyber Loss Mitigation Checklist an excellent resource.

 

 

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DUMBO Office
55 Washington Street – Suite 742
Brooklyn, NY 11201

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info@procorllc.com

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