Why is data protection so important?
Data has become a key input for driving growth, enabling businesses to differentiate themselves and maintain a competitive edge. Any information that your business stores digitally or transmits needs to be properly protected. From financial information and payment details to contact information for your staff, data privacy an its uses are generally protected by law and these laws are becoming more onerous.
of companies that experience severe data loss do not recover!
of small business go out of business within one year from a large data loss
of data loss is caused by systems failure and human error
Data Insurance is for everyone
CIS is launching “Data Insurance” - permanent data loss insurance coverage. Data Insurance is a critical new insurance coverage that can insure policyholders against loss of data. This timely, high indemnity broad coverage policy protects clients if their data is permanently lost or irreparable damaged for any reason. Data insurance will be available via many avenues, including insurance brokers, cloud services providers, SAAS partners, Associations, IT services and cyber security programs. If you wish to partner with CIS – please contact us. Insurers, business, brokers and resellers can all benefit from Data Insurance.
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CIS will soon provide the ability to offer or embed permanent data loss coverage to all your clients with full reinsurance provided.
Data Insurance is a critical new coverage in the war against cyber crime that can insure policyholders on a mass scale.
CIS provides all the requirements to insurers to underwrite on your own paper. We provide reinsurance through global reinsurance partners, technology platforms, online platforms, and claims services to underwriters.
This now critical, high indemnity broad coverage policy protects their clients and data. If their data is permanently lost/damaged/encrypted for any reason.
Data Insurance is the primary defence against ransom attack – essentially halting the financial loss/claim of ransom demands.
Data Insurance has specific applications in the SaaS/PaaS, cloud, software and business platforms sectors where data aggregation of client data can now be covered against permanent data loss.
Purchasing a Data Insurance policy is excellent governance by owners and company directors.
The CIS Data Insurance policy allows you to easily insure your digital assets against permanent loss for the business value that you decide – something that is hard to find today. In the event of human error, hardware failure, employee mischief, ransom attack, data centre loss or other events that cause permanent data loss, company directors can be assured that they have the best security backed by financial compensation to protect the company.
With the increase in cyber crime and IT complexity, protect your clients with permanent data loss insurance at the value needed to financially protect the company.
By compensating data owners for the true financial impact if data is permanently lost for almost any reason including human error, employee mischief, and cyber crime, the Data Insurance policy addresses one of the very last risks companies are still exposed to today. Successfully operating for several years through our partner channels, CIS’ Data Insurance policy combines advanced global data security protocols, loss prevention procedures and technology services. All you need to do is sell it.
Do you provide business consulting, data management or security & advisory services to your clients?
With a Data insurance policy at the core of your services, the financial impact of data loss risk is managed by the policy insurer. This removes your business risk of holding third party data and ensures your client’s data is governed with the most appropriate insurance policy available. CIS can authorise the sale of data and cyber insurance policies to your clients through our online management system or invite you to bundle our insurance offering with your existing products as an introducer.