What became of the claim?
Event
An employee of the organisation fell victim to a phishing email, unwittingly triggering the deployment of a malicious malware within the company's network. The incident resulted in the compromise of the email exchange server, necessitating immediate intervention to mitigate potential damages.
Impact
Response
As the organisation have procured a Cyber Insurance with Delta, the forensic expenses amounting to $110,000 were reimbursed to the organisation after deducting the policy excess.
Outcome
The organisation has learned valuable lessons from this incident and is committed to enhancing its cybersecurity posture moving forward. The cyber insurance coverage procured serves as a crucial financial safety net, providing peace of mind and mitigating the potential economic impact of unforeseen cyber threats.