Cyber Coverage

Exposures in the Restaurant Industry

+ Point of sale transactions carry unique risks and exposures
that mean potential vulnerabilities and failure points for
exploitation + Increased reliance on capturing and saving data
creates exploitable vulnerabilities
+ Cyber threat landscape continually evolves, with attackers growing
more sophisticated and expanding their targeting

Insurance by Industry  |  Restaurants  |  Cyber Coverage

The Real Cost of a Cyber Incident

Above the Surface:
Well-known Cyber Incident Costs

+ Clients lose trust in business and may seek another vendor
+ Ability to conduct business may be directly impacted during and after cyber event
+ Company reputation is damaged in the business community and with clients
+ Intellectual property could be lost or made widely available, damaging competitive advantage

Below the Surface:
Hidden or Less Visible Costs

+ Lose cutting-edge value with loss of intellectual property
+ Cost of post-breach customer protections
+ Attorney fees and litigation
+ Fines for regulatory compliance
+ Large insurance premium increases
+ Payments to investigate cyber crime or pay in the event of cyber extortion

As restaurants’ use of technology has grown over the last 20 years, from email to billing systems and beyond, so too have the risks associated with cyber losses.

IMA’s Cyber Risk practice leverages a proprietary proactive risk management playbook, specifically designed to address the risks faced by restaurants to minimize the risk of a data breach or hack:

Vendor Contracting

Security Checkup

Risk Measure

Cyber Risk Hub

+ Data Breach Modeling
+ Cyber Claims Studies
+ Security and Privacy Awareness Training

A Deeper Dive

+

RISK in Focus Report

Download our customized report that shares risks specific
to restaurants +Download

+

Market Updates

Numbers and data that directly impact the hospitality industry
and putting it all into an easy-to-read report +Download

+

Focus on Perils

Learn about perils that may affect
your business +Learn More