Bank accounts, customer information, your company’s reputation. These are more at risk than ever in today’s digital world. OneDegree provides protection against ever-changing cyber threats, so that your business can bounce back quickly from any incident.
Insurance plays an important part of a company’s cyber defense strategy, but many plans on the market do not suit the budget or needs of a small to mid-sized firm.
OneDegree Cyber Insurance fills this gap with flexible coverage and affordable premiums.
Accessible for SMEs
Affordable premiums, starting from HKD 6,830 a year
Quick and Simple Application
Fill out a 1-page form and get protection the same day
Flexible coverage to suit your needs
Annual Policy Limit ranging from USD 250,000 to USD 1,000,000
Most Common Types of Cyber Attacks
A 2020 survey* found that roughly one out of every two companies in Hong Kong have experienced a cyber incident in the past 12 months. Most popular attacks include:
Other Malware Attack Including Botnet
*SSH Hong Kong Enterprise Cyber Security Readiness Index 2020 Survey conducted by the Hong Kong Productivity Council
How can Cyber Incidents Impact Your Company?
Consider the scenarios below and how Onedegree can help:
An employee at Company A unknowingly opened an attachment, introducing a ransomware to the company's internal system. The hackers demanded a payment in Bitcoin of USD20,000. Unfortunately, personal data of some important customers are stolen and some suppliers of Company A are also infected by the ransomware.
Your actual loss
Data forensic expenses
Data restore service costs
Compensating affected customers and suppliers
OneDegree covered USD 38,750 for you and your actual loss is USD 2,250.
Company B experienced a Malware infection on their computers. All servers are required to be restored and the business was partially interrupted for a period of 1.5 days.
Your actual loss
Business interruption costs
Public relations expenses
OneDegree covered USD 125,500 for you and your actual loss is USD 1,500.
1. USD 750 Policy excess for each and every claim (applicable to each and every insuring clauses).
2. The scenario sharings are for your reference only. The actual cost covered will be determined on a case by case basis in accordance with the terms and conditions and exclusions set out in the policy document.
3. The scenario sharings are based on the Standard Plan with USD 250,000 maximum policy coverage.
Our Plans & Prices
Select your company’s annual revenue and policy limit
Does your business require more customized coverage?
Contact us to discuss a cyber protection plan tailored to your needs
Or download and fill in the application from to enroll in cyber insurance
What We Don’t Cover?
Hong Kong-based companies with annual revenue not exceeding USD 10 millions are eligible to apply. We currently don’t cover firms with operations in USA, Canada, the UK, and Europe, nor do we accept bussinesses operating in sectors including social networking sites, online trading platforms, e-Commerce platforms, and digital currency exchanges.
Q1.What to do if you identify or if you suspect a cyber security breach in your company?
Should a suspected or an actual breach occur, you should (1) refer to your company's internal guidelines and processes; and (2) identify who are the authorized persions in your company to decide on whether the incident will be reported to OneDegree's Cyber Breach Response Team.
Q2.How to inform OneDegree and what we can help you?
To understand the situation better, we require the below information from you:
(1) Nature and cause of the incident;
(2) Possible consequences or risks that could result from the incident;
(3) Mitigation measures that have already been done; and
(4) Contact details of the individuals involved in the counter-measures.
You can contact us via a written notification by email or a 24/7 incident report number and we can be reached at any time of the day.
Expect a call back within 12 hours from us. Our qualified team of cyber security experts will provide you with step-by-step guidance and advice to resolve the incident.
Q3.Dos and Dont's
Dos: (1) Ensure the availability of the relevant staff members who are involved in the handling of the incident; and (2) activate any existing Business Continuity Plans (BCP) and keep the relevant stakeholders informed on the latest status of the incident.
Dont's: Please contact OneDegree immediately if you identify a cyber security breach in your company. Please do not attempt resolving the incident solely with in-house IT experts or third party experts as proper collection and preservation of evidence should be considered in the steps that you take if any third party liability is expected to be exposed to.