In recent light, a significant global IT outage has affected over 49 million people due to a mistake from Crowdstrike, a leading cybersecurity firm. This incident has underscored the importance of robust cyber insurance and professional indemnity coverage to mitigate the consequences of such disruptions.
The recent global IT outage was caused by an error during a routine update performed by Crowdstrike. The mistake inadvertently disrupted critical IT services worldwide, highlighting the vulnerabilities even within highly secure environments.
The outage had a widespread impact, affecting:
The financial repercussions of such an outage are substantial and can include:
• Lost revenue due to downtime
• Compensation claims from affected clients
• Legal fees and regulatory fines
• Damage to reputation and loss of customer trust
At Nautilus Assure, we understand the profound implications of such incidents. We collaborate with licensed insurance partners to offer comprehensive solutions designed to mitigate these risks and ensure swift recovery:
• Covers financial losses from cyber incidents, including data breaches, business interruption, network security failures, and cyber extortion.
• Provides immediate financial support for recovery efforts.
• Covers claims arising from negligence, errors, or omissions in professional services.
• Includes coverage for legal costs, compensation claims, and reputational damage.
By working with us, businesses can bolster their defenses and ensure continuity even in the face of unforeseen IT disruptions. We work with licensed insurance partners to offer comprehensive cyber insurance and professional indemnity coverage providing peace of mind and operational stability.
• Comprehensive Coverage: From cyber incidents to professional liabilities, our policies cover a wide range of risks.
• Expert Support: Our team of experts provides swift and effective assistance to manage and recover from incidents.
• Proactive Measures: We help organizations implement proactive measures to prevent incidents and minimize their impact.
Click here to find out more ➡️: https://www.nautilusassure.io/product/3
By investing in comprehensive cyber insurance and professional indemnity coverage, your organization can stay prepared for unexpected disruptions.
Contact us today to learn how we can
help you navigate and mitigate the risks of IT outages and other cyber incidents.
Source: The Straits Times
