Risk Reduction for Cyber Insurance

Tokenization can resolve your exposure to many forms of cyberattacks and optimize your insurance protection.

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Demand and Claims for Cyber Insurance on the Rise

Cyber risks are not new—they have been around for more than two decades. However, in recent years, they have become one of the top threats to a company’s survival. The types of threats, who is attacked, for what purpose, and to what extent is constantly evolving with increasing creativity.

Digital transformation has driven the enterprise to be increasingly connected via cloud migration, with integrated services and IoT causing the amount of data consumed to skyrocket. This has increased both the surface area and the incentive for attackers. An organization could be hit by malware, ransomware, social engineering, or hijacking, potentially denying it access to its own data. 

Importantly, the target of these types of attacks is primarily the organization’s data—and not just the data used during day-to-day operations. The third-party data constantly flowing through an organization's systems as it transacts business in this modern structured data environment is also at risk and therefore needs to be protected and considered.

Reduce Cyber Risk to Strengthen Cyber Policies

TokenEx is a solution and a partner in your data risk assessment and protection process. By working alongside our team of cybersecurity and compliance experts to focus on protecting structured data, you can resolve your exposure to many forms of cyberattacks and optimize your insurance protection.

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New Wave Risks

Risk and costs surrounding extortion, ransomware, and social engineering can be mitigated by leveraging the TokenEx platform.

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Expense and Indemnification Costs

Tokenization can help you manage the risk associated with data replacement or restoration of data, loss of business income, security breaches, post-breach remediation, and PR expenses.

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Liability to Third Parties

Our resilient data protection platform can reduce the costs of security breach liability and computer and funds transfer fraud.

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Reduce Risk, Enable Policies

TokenEx is a solution and a partner in your data risk assessment and protection process. Our platform can also help insurers better manage the following policy areas:
  • Business interruption & loss of income
  • Notification costs
  • Professional E&O claims
  • Supplier & partner lawsuits
  • D&O lawsuits
  • Long-term reputational brand damage
  • Regulatory review costs & potential fines

TokenEx's team of cybersecurity and compliance experts can help reduce risk to optimize insurance protection.

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Better Quantify Risk and Prepare for Cyber Events

Using tokenization as a risk-reducing solution for the protection of sensitive data, insurance organizations can streamline and solidify the processes for writing cyber policies and attributing damages for claims.

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