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Cyber Insurance

Cyber Liability Insurance

Cyber Insurance protects financial institutions against losses arising from a data or security breach, system failure, extortion threat, and the liability that arises from these risks.  Proctor Loan Protector’s Cyber Insurance program not only covers financial restitution in the event of a breach, but also provides access to expert services to mitigate the cyber incident.

  • Access to breach response services
  • Security recommendations by carrier partners
  • New coverage endorsements
  • Simple 1-page indication application
What is Cyber Insurance

key features

  • Access to breach response services
  • Security recommendations by carrier partners
  • New coverage endorsements
  • Simple 1-page indication application
What is Cyber Insurance

Applies to

  • Financial institutions: mortgage servicers, community banks, credit unions, etc.
  • Fintech companies
  • MSR buyers and sellers

Coverage

  • Breach Response
  • First Party Loss
  • Liability
  • eCrime

Breach Response Services

Attorneys: To provide legal advice in response to a breach

Computer Expert: To determine the scope of a breach and assist in containing it

PCI Forensic Investigator: To determine the existence or extent of a breach involving payment card data

Notification: To notify affected individuals whose personal information was impacted by a breach

Call Center: To respond to inquiries about a data breach

Credit Monitoring: For individuals whose personal information was impacted

Public Relations: Costs to mitigate reputation harm to the organization

Requirements

  • Completed Cyber Insurance Indication application

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Learn More

Talk to our Cyber Insurance experts for more information about Cyber Insurance products.

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WHITE PAPER: Cyber Risks Continue to Evolve for Financial Institutions

The current COVID-19 pandemic & remote workforce demonstrate this swiftly evolving cyber concerns for financial institutions like banks, credit unions, and servicers. Read white paper.

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