Hartford Steam Boiler (HSB), part of Munich Re, has released a new HSB Farm Cyber Insurance solution that helps protect farmers and farm technology from hackers, malware and other cyber attacks.
“Innovative technologies are being introduced in the agricultural sector, and information and information systems help farmers better understand how to maximize efficiency and productivity. With this new reliance on digital information and technology, new digital security opportunities are emerging, ”said James Hajar, Head of Cyber Practice for HSB Reinsurance Clients.
HSB Farm Cyber Insurance protects farmers from cyberattacks using computers and electronic devices located around the farm’s premises, including the farm’s residence.
Coverage for commercial farms may include losses due to data leakage, computer attack, cyber-extortion or fraudulent payments.
Data collected throughout the farm, from agricultural machinery to drones, is protected, covering the costs of restoring data and systems in the event of a cyber event, as well as loss of income.
HSB Farm Cyber Insurance also offers insurance coverage for the farm family, including identity theft, online fraud, cyber bullying, and cyber attacks on family computer systems and connected home devices.
