Resilience a leading provider of cyber insurance solutions has announced that it is expanding its coverage limits to £10 million. This significant increase in coverage is in response to the evolving threat landscape and the growing financial impact of cyber attacks on businesses.
The decision to raise the coverage limit reflects Resilience’s commitment to providing comprehensive protection to its clients. With cyber attacks becoming more sophisticated and causing greater damages businesses need higher coverage limits to ensure they can recover from the financial losses associated with such incidents. As we know, Cyber insurance has become increasingly important for businesses of all sizes and industries. Cyber attacks can result in significant financial losses including costs related to data breaches business interruption and legal liabilities. With the average cost of a data breach now exceeding £3 million having comprehensive cyber insurance coverage is crucial for mitigating the financial risks associated with these incidents.
Resilience’s expanded coverage will not only provide higher limits but will also include additional features to address emerging cyber threats. This includes coverage for ransomware attacks social engineering and reputational damages. By offering a comprehensive solution Resilience aims to assist businesses in minimizing the financial and reputational impact of cyber incidents.
In addition to increasing coverage limits Resilience is also enhancing its risk management services providing clients with access to a range of cyber risk prevention tools and resources. This proactive approach demonstrates Resilience’s commitment to helping businesses bolster their cybersecurity posture and reduce the likelihood of successful cyber attacks.
The expansion of coverage limits to £10 million positions Resilience as a leading player in the cyber insurance market. By equipping businesses with higher coverage limits comprehensive features and robust risk management services Resilience is empowering organizations to confidently navigate the increasingly complex cyber threat landscape. Therefore, as the frequency and severity of cyber attacks continue to rise it is essential for businesses to proactively protect themselves with cyber insurance coverage. With Resilience’s expanded offerings businesses can have greater peace of mind knowing they have comprehensive financial protection against the ever-evolving cyber risks they face.
