Cyber extortion has become one of the fastest-growing threats facing UK businesses. Criminals threaten to release sensitive data, launch DDoS attacks, or damage systems unless a ransom is paid. A single extortion incident can cost tens of thousands in ransom payments, recovery costs, and business interruption. Insure24's cyber extortion insurance provides comprehensive protection tailored to your business needs.
Comprehensive protection against extortion threats, ransom demands, and DDoS attacks.
Different industries face unique extortion risks. Our tailored policies address sector-specific threats and compliance requirements.
Cyber extortion attacks are becoming increasingly sophisticated. Understanding the threats your business faces is the first step to protection.
Criminals steal sensitive data and threaten to publish it unless a ransom is paid. This creates dual pressure: pay the ransom or face data breach consequences, regulatory fines, and reputational damage. Victims often face GDPR fines up to 4% of revenue.
Attackers flood systems with traffic, making websites and services unavailable to legitimate users. They demand payment to stop attacks. DDoS extortion can cost £10,000-£100,000+ depending on attack duration and business impact.
Modern ransomware combines encryption with data theft. Criminals demand ransom for decryption keys and threaten to sell or publish stolen data if demands aren't met. This dual-threat approach significantly increases pressure on victims.
Criminals threaten to deface websites, destroy systems, or release proprietary information unless ransom is paid. These threats can cause significant operational disruption and reputational damage to your business.
A single cyber extortion incident can devastate your business financially. Understanding these costs demonstrates why cyber extortion insurance is essential.
UK businesses lose millions annually to cyber extortion. For small businesses, a single extortion incident can threaten viability. Cyber extortion insurance protects your bottom line and ensures business continuity.
Understanding your current extortion risk profile is essential for selecting appropriate coverage. We provide comprehensive risk assessments as part of our quote process.
Situation: A mid-sized manufacturer received DDoS extortion demands threatening to disrupt operations during peak production season.
Impact: Without insurance, ransom and recovery costs would exceed £80,000, plus £50,000+ in daily operational losses.
Resolution: Cyber extortion insurance covered negotiation, DDoS mitigation, and business interruption losses. Operations resumed with minimal financial impact.
Situation: A law firm was threatened with publication of client confidential information unless ransom was paid.
Impact: Potential GDPR fines, legal costs, and reputational damage exceeded £150,000.
Resolution: Insurance covered negotiation, legal defence, regulatory support, and PR management. Firm maintained client trust and avoided penalties.
Situation: A retail chain faced ransomware with data theft threats demanding £120,000 ransom or data would be published.
Impact: Recovery and ransom costs exceeded £120,000, plus lost sales during system downtime.
Resolution: Cyber extortion insurance covered negotiation, recovery costs, and business interruption losses during remediation.
Situation: A financial services firm received simultaneous DDoS attack and data theft extortion demands.
Impact: Ransom demands, recovery, and business interruption costs exceeded £200,000.
Resolution: Insurance covered expert negotiation, DDoS mitigation, system recovery, and business interruption compensation.
While cyber extortion insurance provides financial protection, implementing strong security practices significantly reduces your risk of attack.
We offer flexible coverage options tailored to your business size, industry, and risk profile.
Ideal for: Small businesses with limited data and basic operations
Ideal for: Growing businesses with moderate data and multi-location operations
Ideal for: Established businesses with significant data and complex operations
Ideal for: Large organizations with critical infrastructure and regulatory requirements
When we received an extortion threat, Insure24's team responded immediately. Their negotiation experts handled everything professionally. Invaluable support during an extremely stressful situation
James T., Financial Services DirectorOur cyber extortion insurance helps you meet key regulatory requirements including:
What is cyber extortion?
Who is targeted by cyber extortion?
What does cyber extortion coverage include?
How much does cyber extortion insurance cost?
Can I get coverage if I've received extortion threats?
What's the difference between extortion and ransomware coverage?
How quickly does insurance respond to extortion threats?
Does coverage include ransom payments?
What if I pay ransom without insurance?
Is cyber extortion covered by standard cyber insurance?
Can insurance help prevent extortion attempts?
What should I do if I receive an extortion threat?
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