Protect your business from a cyber breach

Data breaches can have a significant impact on your reputation and bottom line. Cyber insurance provides essential coverage to help you recover and mitigate risks. 

Why Get Cyber Insurance?

Rising Cyber Costs

The typical cost of a cyber incident to a startup in Southeast Asia exceeds $300k and has increased by over 45% in the last five years.

Human Error

Human factor accounts for 55% of the cyber breaches, making it nearly impossible to prevent through cyber security alone.

Increase in Attacks

On average phishing attacks have increased 60% year on year in the past three years. With a record 600% surge during the height of the pandemic.

Who needs Cyber Insurance?

Any company that handles sensitive data or relies heavily on digital operations should be protecting themselves from cyber attacks and data breaches.

Finance, Fintech, Funds

They are prime targets for cyber attacks due to the large sums of money and sensitive financial data they manage

Startups, Tech, Consulting

Software companies and consultants often handle confidential sensitive data and are reliant on their digital operations for providing ongoing service to their clients

Med Tech, Allied Health, Wellness

They often store vast amounts of personal health information, making them a top target for cyber criminals

Retail, F&B, Lifestyle

These companies handle sensitive customer payment and personal data through their transactions

Key Policy Coverages

Typical policy benefits

1. Coverage to respond to breaches and attacks
Incident response services 
Forensic investigation
Data restoration
Cyber extortion costs
Legal representation costs
PR crisis management
Customer and regulator notification
2. Protection if you fail to keep third party data secure
Legal defence costs
Investigation cost
Fines and penalties
3. Recovery for loss of profits due to a cyber incident
Business interruption due to malicious attacks, unauthorised access, damage to data or programs, system outage, network interruption or degradation of network

Typical Exclusions

Any criminal or deliberate act by the insured
Fraud and dishonesty
Prior known facts
Costs arising from upgrading of applications, systems or network
Losses arising from failure or outage of power, utility services or telecommunications
Losses arising from cloud and web hosting service providers

Come discuss your risk with us

At Anapi, we strive to make complex insurance easy to understand and obtain. Contact us today to get a personalised quote or to learn more about our insurance solutions.