Cyber Insurance with AIG
Insurance Overview:
With an Essential or Limitless account at Lunar, your business is covered by cyber insurance in partnership with AIG. The insurance protects your account and associated cards against losses caused by cybercrime and online banking breaches.
What Does the Insurance Cover?
1. Direct Financial Loss
Covers up to DKK 4,000,000 in the event of an online banking breach within your company.
Applies to unauthorized money transfers and hacking through your company’s online banking access.
2. Cyber Crisis Response
In the event of a data breach, the following services are covered:
IT Consultant Assistance: Identifying and containing the data breach.
Legal Advice: Managing GDPR compliance, including reporting to authorities and notifying customers.
Extortion Costs: Covers ransom payments and consultancy services in the event of a ransomware attack.
Total coverage for related costs: Up to DKK 1,000,000.
3. Online Banking Breaches via App
Coverage also applies if the breach occurs through the Lunar app.
Important Conditions
Scope: Coverage applies only to accounts accessed via Danish online banking and for attacks on IT systems within the EU/EEA.
Prevention: Your company must ensure systems are secured with updated firewalls, antivirus, and anti-spyware protection.
Reporting: Any eligible loss must be reported to AIG and the police as soon as possible.
Additional Information
For full terms and detailed coverage, please refer to AIG's official insurance conditions here.
If you have questions or need further assistance, it is recommended to contact AIG directly.