Crisis management and support in the event of a claim
Compensation for financial losses
Liability insurance for data protection violations
Cost absorption for IT forensics and data recovery
Insurance cover for business interruptions
Protection against cyber extortion and hacker attacks
The cyber risk insurance
Cyber risk insurance protects you and your business from the financial consequences of cyber attacks. It covers damage caused by hacking, data loss, business interruption, cyber extortion and other digital threats.
The insurance covers not only the protection of the IT systems themselves, but also the associated liability risks.
Cyber risk insurance is an important part of any modern company's risk management strategy.
Typical examples of damage
LOSS OF CUSTOMER DATA
A hacker attack can result in personal data such as names, addresses and credit card numbers being stolen. In this case, the company must not only bear the costs of IT forensics and data recovery, but also for claims for damages from affected customers.
BUSINESS INTERRUPTION
When a company's IT systems are crippled, it can result in significant financial losses due to business interruption. Cyber risk insurance can cover the cost of lost revenue and restoration of IT systems.
Every business that operates online should have cyber risk insurance.
In particular, companies that collect and store customer data are at high risk and should take out comprehensive insurance.
But even companies that do not process personal data should consider cyber risk insurance, as they may still be at high risk of business interruption and financial loss.
Industries such as financial services, healthcare and retail are particularly at risk and should purchase comprehensive cyber risk insurance.