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Artificial Intelligence and Cyber Security:  Is Your Business Protected? Probably Not. 

transmosisONE May 27, 2020August 4, 2020 Blog, Original
hacking small business

The small business cyber security world is changing, and has changed rapidly over recent years. While small business owners think their networks are secure, thousands of businesses continue to be hacked every week. Read on to learn how your current

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All Right Reserved – Copyright ©2021 – Transmosis

Transmosis responds to Covid-19 with bundled home office cyber protection solution

  COVID-19 Crisis Response
RANSOM PROTECT

RansomProtect pays up to $25,000 for expenses associated with a ransomware attack only. It provides rapid payments if a ransomware attack circumvents the CyberOps software and allows you to determine the best use of funds.
 
If a ransomware event occurs, sponsors should notify CyberOps within 48 hours with proof of the event and evidence that ransomware monitoring software was installed and current with all security patches. Reimbursement of the FULL contracted amount will be made withing 15 days – no adjuster, no lengthy claims process.

Ransomware Liability

Unlike Ransom Protect, Gold and Silver bundles provide full insurance coverage of ransomware events up to the policy limit ($100,000 to $2,000,000). A streamlined enrollment is completed with your purchase of either bundle, and losses are subject to claims adjustment.

Exclusion List

It is TRUE that the Company’s Core Products or Services DO NOT include any of the following:

  • Accreditation Services Provider
  • Adult Content Provider
  • Airlines
  • Credit Bureau
  • Collection or Repossession Agency
  • Cryptocurrency Exchange/Crypto Mining/Storage or Wallet
  • Data Aggregator (Financial, Healthcare, Retail)
  • Data Broker
  • Health Exchanges
  • Direct Marketer
  • Gambling Services Provider
  • Telecommunications Company
  • Third Party Claims Administrator
  • Staffing/PEO Organisations
  • Manufacturer of Life Safety
  • Marijuna/ Marijuna Products
  • Media Production Company
  • Online Exchange or Content Site
  • Payment Processor
  • Peer To Peer File Sharing
  • Social Media
  • Online/Video Gaming
  • Search Engine Provider
  • IOT Manufacturers
  • Political Sites/Political Figures
  • Surveillance
  • Depository Institution (>25% E-Commerce)
  • Unities

Contact Us for standalone CyberOPS protection quote if your company industry is on the exclusion list

Cybersecurity Liability Insurance

CyberOps is a fully integrated cybersecurity and cyber insurance platform focused on protection, remediation and recovery. By deploying CyerOps 24/7 live Security Operations Center technology with our bundled cyber liability coverage, you are in the strongest position possible to not only prevent most cyberattacks, but recover from those that penetrate your security. The integration of CyberOps technology and insurance offers the following advantages to our small business customers:

1. Streamlining your cybersecurity liability insurance enrollment by satisfying insurance carrier IT requirements.

2. Optimizing the insurance claims process with timely, automatic loss notification and transparent recording of suspicious network traffic, enabling more efficient claim processing for the fastest and largest payout to get your business up and running again.

Cybersecurity Liability Insurance

CyberOps is a fully integrated cybersecurity and cyber insurance platform focused on protection, remediation and recovery. By deploying CyerOps 24/7 live Security Operations Center technology with our bundled cyber liability coverage, you are in the strongest position possible to not only prevent most cyberattacks, but recover from those that penetrate your security. The integration of CyberOps technology and insurance offers the following advantages to our small business customers:

1. Streamlining your cybersecurity liability insurance enrollment by satisfying insurance carrier IT requirements.

2. Optimizing the insurance claims process with timely, automatic loss notification and transparent recording of suspicious network traffic, enabling more efficient claim processing for the fastest and largest payout to get your business up and running again.

Additionally, contractual partners and persons are also covered under this policy as defined:

Insured also means any natural person or entity for whom an Organization is required by written contract or agreement to provide insurance coverage under this Policy (hereinafter “Additional Insured”), but only with respect to Claims:
a. arising out of any Incident committed after the Organization and the Additional Insured entered into such written contract or agreement;
b. or any Incident committed by, on behalf of, or at the direction of the Organization; and
c. subject to the lesser of the limits of insurance required by such written contract or agreement between the Organization and the Additional Insured, or the applicable Limits of Insurance of this Policy.

Additionally, contractual partners and persons are also covered under this policy as defined:

Insured also means any natural person or entity for whom an Organization is required by written contract or agreement to provide insurance coverage under this Policy (hereinafter “Additional Insured”), but only with respect to Claims:
a. arising out of any Incident committed after the Organization and the Additional Insured entered into such written contract or agreement;
b. for any Incident committed by, on behalf of, or at the direction of the Organization; and
c. subject to the lesser of the limits of insurance required by such written contract or agreement between the Organization and the Additional Insured, or the applicable Limits of Insurance of this Policy.

Social Engineering Cyber Crime Coverage

Cybercrime / Social Engineering: Cybercrime is the theft of actual monies or securities via fraudulent electronic transfers. Unlike traditional cyber insurance that primarily covers IT systems and intangible assets like data, this coverage responds to the loss of physical, tangible financial assets. Social engineering – the manipulation of people into divulging confidential information – is often used in this context to facilitate wire or computer fraud.

Social Engineering Cyber Crime

Cybercrime / Social Engineering: Cybercrime is the theft of actual monies or securities via fraudulent electronic transfers. Unlike traditional cyber insurance that primarily covers IT systems and intangible assets like data, this coverage responds to the loss of physical, tangible financial assets. Social engineering – the manipulation of people into divulging confidential information – is often used in this context to facilitate wire or computer fraud.

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