Cyber insurance

In today’s time, which is highly dependent on information technologies and electronic communications, business entities are increasingly exposed to various forms of cybercrime.

Cyber-criminal attacks and events such as cyber-espionage, cyber-warfare, cyber-terrorism, cyber-fraud, cyber-bullying, can have devastating consequences and a great impact on business entities, their employees, customers, policyholders, as well as third parties. . Such actions can lead to the theft of intellectual property, endangering the corporate strategy, embezzlement or manipulation of confidential and personal data, reducing the reputation of the brand and the business entity, and in some cases can even threaten the existence of the business entity.

As cyber-crime has a great impact on organizations, the problem of cyber-security has outgrown IT departments, which until recently were solely responsible for cyber security affairs, and has become one of the strategic risks that executive management should approach with special attention.

THE MOST COMMON CAUSES OF CYBER ATTACKS ARE:

Cyber insurance can insure your own liability for various scenarios and damage to third parties caused by a cyber attack, business interruption during the repair of damage caused by a cyber attack, damage to the IT system, consequent damage to reputation, regulatory and investigative costs, own and external costs of sending notifications, extortion (ransomware ), court costs and others.

Cyber insurance is part of a business strategy to reduce the risk of cyber attacks. Contact us to find an adequate solution for protection against cyber attacks.