Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of all sizes in the United Kingdom and Ireland.

New coverages include:

• Betterment –to help customers with the cost of purchasing new hardware, software or subscription-based services after a breach in order to eliminate system vulnerabilities that may result in a subsequent cyber event.
• Social engineering fraud– for the loss of money or securities caused by fraudulent instructions from someone purporting to be an employee, client or vendor.
• Vendor or client payment fraud– for lost products or funds owed to a business when its client or vendor is tricked into sending money or products to a fraudster rather than the rightful recipient.
• Reputation harm – for lost income resulting from damage to a business’s reputation when an actual or potential cyber event becomes public.

Travelers CyberRisk now also provides customers with access to pre-breach services such as cyber resilience readiness assessments and…

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