The Hartford Financial Services Group Inc. has enhanced its cyber liability policy.
"We're seeing widespread adoption of social media technologies among businesses in virtually every industry. At the same time, data is becoming increasingly regulated, which is creating new exposures, particularly in the areas of data privacy and reputational risk," Drew Bartkiewicz said, vice president of cyber and new media risk at The Hartford.
With CyberChoice 2.09, The Hartford offers broader coverage for data privacy breaches and social media liability exposures, such as online defamation, advertising, libel and slander, by employees or casual users of a company's Web site. CyberChoice 2.09 also defines the term "rogue employee" and provides coverage for such employee's misuse of technology.
CyberChoice 2.09 offers businesses the ability to choose coverage based on their needs. Coverage options include: Data privacy, e-media and Internet liability, network security, infringement of intellectual property rights, professional services, network business interruption, cyber investigation expense and cyber extortion.
