Cyber Losses
The fastest growing threat to businesses globally.
The statistics are frightening; cybercrime damage costs are calculated to reach $6 trillion annually by 2021. Cybersecurity spending will exceed $41 trillion from 2017 to 2021. Human attack surface is to reach 6 billion people by 2022.
Recent history demonstrates that even the largest enterprises have miscalculated the strength of their defences and the time taken to recover from an attack of even a mere platform move.
Paladin Adjusting Solutions Ltd has a direct link to a specialist IT firm where the entourage includes programmers, internet specialists, and ethical hackers.
These are also business people who can relate to, empathise, and communicate comfortably with the victims of a cyber attack who may not be sophisticated IT users. Our experts can take immediate action and work with client’s customers to recover a secure position post incident and a safe platform to move the business to on the way back to full recovery.
We are agile and transparent in our claims handling.
That said we believe prevention is better than cure and are able to provide guidance on cyber security, risk control and the setting up of pre loss master service agreements with suitable IT houses.
Where required we will provide; full service, standalone adjusting or post loss investigation in conjunction with the policy holder’s experts and legal team.
Paladin can deal with loss of data and/or intellectual property, cyber extortion, crisis/brand management, network /system or process errors, infringement of privacy and IT forensic auditing.
Our services are fully compliant with all legislative requirements.
