Apply now for the Gloria Archer Legacy Bursaries.  Click here to learn more   


Business Insurance, Cyber Insurance ● Feb 22, 2022

Are You at Risk for a Cyber-Attack?

Are You at Risk for a Cyber-Attack?

A Cyber Policy with Knight Archer Insurance can ...make life easier while providing coverage for exposures you may not have forseen.


Malicious software, including spyware, ransomware, viruses and worms. A network is breached through a vulnerability when a user clicks a link or email attachment that then installs dangerous software.


Also known as eavesdropping attacks, occur when hackers insert themselves in a two-party transaction. For example, on an unsecure Wi-Fi attackers can insert themselves between a visitor’s device and the network. All information is unknowingly passed on to the attacker.


The practice of sending fraudulent communications that appear to come from a reputable source, usually through email—with a goal to obtaining sensitive data or installing malware on the victim’s computer.

Denial-of-service attack

This type of attack floods the systems, servers or networks with traffic to exhaust a company’s resources and bandwidth so that they are unable to fulfill legitimate requests.

Examples of Cyber Breaches:

  • An HR recruiter for a healthcare organization accidentally attached the wrong file when sending an email to four job applicants. The file included HR demographic data consisting of 43,000 former employee names and addresses.

  • An employee of a non-profit organization clicked on a malicious link in an email and malware was downloaded onto the company server, encrypting all information. A message appeared on the employee’s computer demanding a ransom to be paid in exchange for the decryption key.

Cyber Insurance Coverage Response:

Third-Party Liability

  • Protects companies for liability to others and reimburses companies for expenses related to a data breach which could include legal counsel and defense.

  • Will provide a digital forensics team to determine notification costs, crisis communications and setting up a call center and credit monitoring for those affected by the data breach.

First-Party Coverage

  • This coverage reimburses companies for expenses related to recovering from damages to computer programs and electronic data.

  • Business Interruption includes expenses and lost revenue due to a computer virus or denial-of-service attack that impairs a computer system.

  • Cyber Extortion stemming from monies to pay ransom demands, cost of hiring experts to negotiate with hackers, and determine how hackers gained access to the insured’s computer.

Have a question? We'll reach out.

If you're looking to learn more about what we offer, we'll email or call you to answer any questions you may have. Our team is flexible, approachable, and ready to make the process as easy as possible.

Or if you prefer...

Book an Appointment