Cyber Risk Insurance

Protect your company’s online data from cyberattacks

Until now, companies have taken care to insure their material assets as well as their staff against possible risks, in order to ensure their viability.

The modern way of communication, globalization and the speed of evolution of the Internet, the Internet of Τhings (IoT) and big data, now confront businesses with another danger, that of attacking their electronic data.

For this reason, Cyber Risk Insurance is necessary

Cyber Risk insurance offers

  • Legal advice

  • Own Losses on a Company’s Finances

  • IT Services

  • Risk Management tools

The risks a business faces from a cyber-attack are

  • Financial impact

  • Loss of revenue

  • Personal insult and insult to social agenda

  • Reprisals

  • Download/send malware or a virus that destroys, alters, corrupts, or deletes data

  • Business interruption

  • Denial/service attacks

  • Defamation and corporate reputation crisis

Coverage provided

With Cyber Risk Insurance a company is covered in terms of

  • Hacker attack costs
  • Money lost from customer accounts illegally
  • Third Party Liability (in case of loss of personal data)
  • Immediate IT intervention
  • Reputation that can be lost
  • Crisis management

Cyber Risk Insurance does NOT cover the:

  • Computer virus infection
  • Injury
  • Material damage
  • Deceit by company’s employees

Lastly, the coverages for Cyber Risk Insurance are the following:

  • Natural data disaster
  • Data loss due to sabotage from employees
  • Data corruption due to virus & hacking
  • Extortion/Racketeering
  • Business interruption due to system breach events
  • Virus & malware infection
  • Immediate response & incident management costs
  • Coverage of extortion costs in order not to leak personal data (in money or cryptocurrencies)
  • Costs of negotiators in case of threat & blackmail
  • Legal advice
  • Data recovery & recovery costs coverage
  • Restoring the reputation of the company’s brand after an incident
  • Costs of notification of the incident under the GDPR
  • Loss of corporate information
  • Administrative penalties – fines
  • Responsibility for publishing multimedia content (Media Liability)
  • IT Technical Services
  • Fine coverage in case of loss of personal data under GDPR
  • Costs and services for the management of system breach incidents and loss of confidential information
  • Extorting Money with Phishing Methods
  • Cyber crime expenses
  • Civil Liability of the company against third parties whose data was leaked
  • Costs of interruption of the company’s operations due to violation of electronic systems
  • Digital media coverage
  • Loss of profits
  • Costs of failure to notify an incident

Secure your data today!

3000

Contracts

Individuals and Businesses

1000

Compensation

In all sectors

1200+

Customers

All around Greece