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.
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.
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