Now you can protect your company from the fraudulent use of Internet- and cloud-based services.
First came e-mail, then VoIP telephony, and now hundreds of Internet- and cloud-based services. More and more organizations are embracing technology and moving their core operations and IT infrastructure into the cloud. From Microsoft Office 365 to Salesforce, GSuite to Amazon Web Services: the benefits are enormous, but so too can be the risks.
Introducing a new coverage: Service Fraud
Coalition's Service Fraud coverage, a market first, covers the direct financial losses an insured incurs as the result of being charged for the fraudulent use of cloud- and Internet-based services including Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Network-as-a-Service (NaaS), IP Telephony, among other business services (see policy for details).
- Your systems are infected with malware, and your infrastructure is used to mine crypto-currencies. You're covered!
- A criminal gains unauthorized access to your Amazon Web Services or MailChimp account and runs up a tab. Covered as well.
- A criminal hacker gains access to your VoIP telephony service and commits toll fraud. Covered here too!
With Service Fraud coverage, you can continue to embrace technology without worry. Better yet, you can do so knowing you're receiving the broadest cyber coverage available.
Sub-limit may apply; see your policy for details.