In the financial industry, the risk of breaching or losing confidential and highly sensitive information is a critical concern. The repercussions from such events can lead to financial losses, penalties, privacy injury, negative publicity and legal costs. When you run the risk of losing intangible-yet-valuable information or compromising personal data, you need insurance that will put your mind at ease and a carrier that has the risk control solutions to help you maintain data integrity and privacy, putting you in a position to better adapt to evolving technology risks.
Our cyber liability coverage, CNA NetProtect® for Financial Institutions, is designed to address both first- and third-party risks, and help you recover from a data breach. CNA NetProtect sets a high industry standard for network security, content and privacy liability. We monitor for potential new exposures in order to address the evolving cyber landscape and further tailor our coverages to your financial institution's needs.
Regular reviews, updating internal controls and constantly evaluating security procedures can all aid in lowering risks, and our team of risk control specialists can help you identify and mitigate those exposures. If a breach occurs, our highly experienced claim professionals are dedicated to managing your claim to a fair and timely resolution.
To report a data security event, call our Data Security Event Hotline number (800)247-3968 or email our dedicated email address at CyberIntake@cna.com.