Crystal Financial Institutions, a division of Alliant Insurance Services has launched a new cyber solution specially tailored to hedge funds that addresses numerous aspects of cyber risk management, including security management, insurance, crisis management and legal support.
Cyber Risk 360° provides powerful coverage for modern risks. It includes a cyber insurance policy that has an available coverage extension for fee income related to unplanned redemptions. As one of the industry’s first solutions to offer this unique extension, it allows fund managers to recoup lost management fee income attributed to a cyber breach event. Other features of Cyber Risk 360° include cyber extortion and data loss restoration, 24/7 claims response and dedicated loss recovery services.
To develop the new Cyber Risk 360° solution, Crystal Financial Institutions worked with industry leaders in the insurance underwriting, legal, compliance, cyber defense and information technology fields, including cybersecurity firm BlueVoyant, boutique law firm Bohrer PLLC and Everest Insurance.
Cyber Risk 360°’s integrated suite of services protects hedge funds against sophisticated cyber attacks by…
