Data Breach Insurance Singapore

Comprehensive coverage for data breach response, PDPA compliance, and customer notification. Protect your business from $500/year.

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What Data Breach Insurance Covers:

1. Customer Notification Costs ($3-$10 per customer)

Letters, emails, call center services to notify affected individuals under PDPA requirements

2. Credit Monitoring Services ($12-$25 per person/year)

1-2 years of credit monitoring for affected customers to prevent identity theft

3. Forensic Investigation ($10K-$75K)

IT forensics to determine breach scope, entry point, and compromised data

4. Legal & PDPA Compliance ($15K-$100K)

Lawyers for PDPC notifications, regulatory defense, and customer lawsuits

5. PR & Crisis Management ($20K-$150K)

Public relations to protect brand reputation and manage media response

Average Data Breach Costs in Singapore

Total Average Cost: $280,000 per breach

  • • Forensic investigation: $35,000
  • • Customer notification: $45,000 (15,000 customers × $3)
  • • Credit monitoring: $180,000 (15,000 × $12 for 1 year)
  • • Legal fees & PDPC: $20,000
  • • With insurance ($1,200/year): You pay $5,000 deductible only

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