Cyber Liability addresses the first- and third-party risks associated with e-business, the Internet, networks and informational assets.
Cyber Liability risks are losses and liabilities that a company faces as a result of using the internet, computer systems and email.
The Internet culture is growing at a staggering rate, not only as a communications and entertainment medium, but also as a new business outlet. More and more companies are maximizing the business opportunities offered by this exciting medium to sell and increase awareness of their products.
The last 5 years have seen colossal changes in the way that information technology affects our lives. Faster and cheaper computers have resulted in millions of new users every year with access to the internet now common place at home and at work.
It has never been easier to trade online and as consumer confidence in e-trade grows, online trading is only likely to increase. Email and electronic newsletter are now used in abundance as a means of communication with customer’s suppliers and employees.
However, with this new medium comes a significant increase in risk Companies face potential exposure to claims from the following areas: 
 

 Liability to a third party due to libel contained in an e-mail .
 Liability to a third party due to a virus transmitted by you. 
 Liability to members of your staff due to them being exposed to sexual harassment
 via electronic. 
 Systems i.e. pornographic images unintentionally viewed on a colleague’s PC .
 Damage to your computer network due to harmful virus or hacker. 
 Loss of revenue due to downtime of a computer system caused by a virus or hacker.
 Theft of your money (or your clients) due to hacking or employee electronic theft Threat or
 extortion   relating to your computer system.