CFC, a London based provider of insurance for professional services businesses, has announced a major upgrade to its cyber cover. The new extension will provide SMEs with access to CFC’s award-winning proactive cyber attack prevention services and incident response capabilities, as well as broad cybercrime coverage.
“Extending the current cyber add-on with new cybercrime cover and our proactive prevention service could well be a game-changer for SMEs unable to stretch budgets to full standalone cyber cover,” said Tim Boyce, Head of Professions & Healthcare at CFC.
The new extension includes access to CFC’s proprietary proactive monitoring and threat intelligence services, which can help businesses stop cyberattacks before they happen. SMEs will also receive instant threat alerts via CFC’s Response App, which enables them to report a cyber incident and access cyber security support.
In addition, the new extension provides access to and help from the largest in-house incident response team in the market should an attack occur. This team will help businesses get back up and running fast.
The new extension also includes free cyber security tools, such as phishing simulations, dark web monitoring, and deep scanning. CFC will also cover funds transfer fraud. This made up over a quarter (28%) of professions policyholder cyber claims in 2022.
The new extension is designed to make it easy for SMEs to benefit from market-leading cyber protection at a price they can afford. CFC is also making it easier for brokers to open the door to the value of cyber cover to these clients without having to bind another policy.
Key highlights:
- Access to CFC’s proprietary proactive monitoring and threat intelligence services
- Instant threat alerts via CFC’s Response App
- Access to and help from the largest in-house incident response team in the market
- Free cyber security tools
- Cover for funds transfer fraud
- Cover for financial loss associated with a business interruption caused by a cyber event
- Privacy liability and breach notification costs
For more information, please visit CFC’s website.
Source: CFC enhances cyber cover for professional service providers
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