Argo’s 12 Days of Santa’s Insurance: Cyber Coverage

From names and presents to addresses and routes, Santa has so much data to track, he’d be out of his red hat not to protect it. It’s a good thing Argo has a policy to make sure the only clouds Santa has to worry about are the ones he flies through.

Here are three scenarios that show not even Santa is safe from cyberattacks:

  1. Santa climbs in his sleigh and logs into his on-board computer only to find that he’s been locked out of his database and hackers are demanding $1 million in bitcoin to unlock it – a hallmark of a ransomware attack.
  2. Halfway around the globe on Christmas Eve, Santa checks his list for the third time and realizes it’s been scrambled and he has delivered presents to the wrong addresses.
  3. Mrs. Claus is monitoring Santa’s virtual private network (VPN) when thousands of server requests hit, the first sign of a massive data breach.

Santa’s security would be in the bag with Argo Pro’s Cyber Tech PROtectSM offering.

• A customizable product, Cyber Tech PROtect would offer Santa specific first- and third-party coverage in the event of a cyberattack.

• Argo Pro also offers Errors and Omissions professional liability coverage, which would cover Santa’s failure to deliver presents to the correct addresses.

• Access to cyber risk management and data breach experts is included with Cyber Tech PROtect, so Santa and other clients can learn how to prevent losses as well as how to respond to them.

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While it’s hard to imagine Santa’s elves suing their jolly employer, it would be smart for Santa to have the right insurance coverage in place, just in case.

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