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Brit PLC Launches Cyber Attack Insurance Product

Tuesday, September 16, 2014 5:15:00 AM PDT | VentureDeal
   London, UK  --  Insurance company Brit PLC has announced the launch of a new insurance service that aims to protect companies in the critical infrastructure and industrial machinery industries.

Brit has determined that critical infrastructure operated through industrial control software is increasingly vulnerable to malicious cyber breaches and has designed a product to provide companies with first party property damage, business interruption and the cost of restoring digital assets.

The new service also provides cyber security risk assessment, ongoing loss mitigation and inspection services.

Brit says that the product has been specifically designed for large industrial companies, including those in the oil and gas industry, transportation, utilities and other heavy industries.

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PCI - Level1