Zurich Insurance has rolled out a new industry specific endoresements to its cyber insurance policies to provide coverage for manufacturers.
This additional coverage was created due to the increased cyberthreat these companies are now under and the fact that many manufacturers, particularly mid-sized firms, are unaware and possibly less prepared to deal with, the risks posed by cyberattacks, Zurich said.
Cyber exposures covered by Zurich’s manufacturing-specific endorsements include:
• Any components that are part of supervisory control and data acquisition systems (SCADA), programmable logic controllers (PLC) or other industrial control systems;• Computer hardware, firmware, software and electronic data, as well as associated input and output devices utilized in manufacturers’ operational technology strategy;• Computer peripheral devices, including wireless and mobile devices, which comprise a growing segment of manufacturers’ overall connected environment;• Electronic backup facilities, including systems accessible through the internet, intranets, extranets or virtual private networks, which manufacturers use as part of their cyber security defense protocol.
“Today, as manufacturers become more dependent on network connections linking industrial control systems with production machinery, robotics and other vital hardware, they are becoming more attractive targets. If a plant is shut down for ..
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