News

Cyber Story

Written by Delta Insurance | Dec 20, 2024 5:00:00 AM

What became of the claim?

 

Event

A food and beverage company faced a cyberattack when a threat actor gained unauthorised access to their network, leaked data and demanded a ransom payment.

Impact

The breach posed a significant risk to the company's reputation, financial stability, and customer trust.

Response

The insured promptly filed a claim with Delta, who activated their legal and forensic vendors, with costs incurring over $200k.

 

 

Outcome

The insured was able to mitigate the damage and recover a significant portion of their losses. Delta's Cyber Liability policy covered the costs of forensic investigations, legal expenses, and public relations efforts.