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Test and Target As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

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Cyber

Your business requires a holistic approach for the greatest possible protection against cyber-attack or breach.

To meet your needs, we look at the whole picture including high risk areas such as network security, privacy, technology and other emerging cyber risks. With a full view of your organization, we work with you to develop and implement an actionable cyber risk plan.

$40

million is currently the largest payout for a single ransomware attack (1)

1,862

data breaches occurred in 2021, a 68% increase over 2020 (2)

88

%

of cyberattacks in 2021 were targeted towards people, using social engineering as a means of gaining entry to a network (3)

Data sources:

(1) Insurance Carrier Paid $40 Million in Ransom After March Cyberattack
(2) Identity Theft Resource Center’s 2021 Annual Data Breach Report Sets New Record for Number of Compromises
(3) Cybersecurity threatscape: year 2021 in review

Benefits of Cyber

Beyond just placing coverage, MMA partners with our clients to understand cyber risk, prepare for and mitigate risk, respond to cyber incidents, and assist in the recovery process through claims advocacy and as a carrier liaison.

 

We are committed to helping our clients:

  • Understand by assessing and quantifying potential effects of cyber incidents using benchmarking and analytics.
  • Mitigate risk by designing and delivering a tailored insurance program that aligns with existing policies and optimizes investment.
  • Respond partnering with clients and guiding them in preparation for emerging risks, threats, and regulations in the event of an incident.
  • Recover by helping you remain operational and resilient after an incident.

 

Cyber Coverage

MMA is leading the evolution of holistic network security, privacy, and technology risk solutions.

Incident Investigation and Response Costs

This covers costs resulting from an actual or suspected security or privacy incident including hiring expert privacy law firms to determine legal applicability of and actions necessary to respond to a data breach reporting requirement, hiring forensics experts to determine the existence, cause, and scope of incident, and more.

Network Interruption/Extra Expense

We can help protect against loss of income or extra expense from a partial or full interruption of your organization’s network computer system stemming from a security failure.

Extortion/Ransomware Coverage

Rest easy knowing costs from consultants and extortion monies (including the ransom demand payment) are covered.

Data Restoration

Protect your organization from the cost of hiring an expert data restoration firm to reconstitute data or software that has been deleted, manipulated, or corrupted, stemming from a security and/or system failure.

Security and Privacy Liability

We offer peace of mind when it comes to security and privacy liability, ensuring your organization is protected should your security measures fail or sensitive information is compromised.

Additional Cyber Coverages

Media liability, privacy regulatory defense costs and fines/penalties coverage, reputation based income loss, and cyber crime.

Meet Mario, a cyber risk specialist.

Mario Paez

National Cyber Risk Leader
Golden Valley, MN, 20 years' experience

Learn More

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