Why Fintech Companies Need Specialized Coverage
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High-Value Target
Fintech companies process millions in transactions daily, making them prime targets for sophisticated attackers.
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MAS Requirements
Singapore's Monetary Authority requires robust cybersecurity. Insurance helps demonstrate risk management.
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API & Integration Risks
Multiple third-party integrations create attack vectors. Coverage protects against supply chain breaches.
Coverage for Fintech Companies
| Coverage Type | What's Protected |
|---|---|
| Payment Card Data (PCI DSS) | Coverage for payment card breaches and PCI compliance failures |
| Funds Transfer Fraud | Protection against unauthorized transfers and business email compromise |
| Crypto Asset Coverage | Hot/cold wallet breaches and digital asset theft (select providers) |
| Regulatory Defense | MAS investigation costs and regulatory fines |
| API Security Breaches | Third-party integration failures and data exposure |
| Business Interruption | Revenue loss when payment systems go offline |
Fintech Cyber Insurance Pricing
Early-Stage Startup
Pre-Series A
$1,500 - $4,000/year
Coverage: Up to $1M
Growth Fintech
Series A-B
$5,000 - $15,000/year
Coverage: Up to $5M
Established Platform
Series C+
$20,000 - $75,000+/year
Coverage: Up to $25M
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