As an added level of security and protection, breach insurance is an incredibly cost-effective choice. For only $5.95 a month, our $100,000 breach insurance plan covers:
- Cost of the mandatory forensic audit.*
- Card replacement costs and related expenses.
- PCI DSS regulatory fines and assessments resulting from a breach.
- Cost of Account Data Compromise Recovery (ADCR) fines for credit card fraud.
- Software and hardware upgrades when ordered in lieu of a fine, under a sublimit of $10,000 per MID and $25,000 per Merchant.
- Breach notification expenses, under a sublimit up to $10,000.
- Drafting of notification letters.
- Printing and mailing expenses.
- Required media notifications (newspaper or radio announcement).
* In the event of a breach, the merchant will be billed for a forensic audit in conjunction with the breach. The breach insurance would help defray this cost. If the merchant is found at fault, they lose the fraudulent refund and will also be responsible for the cost of the audit. Please take this into consideration before submitting a claim.
