Companies are evolving and with it the type of risk to which they are exposed is also changing. In the 21st century, one of the biggest threats is online and it is called cyber risk. The cyber world may seem complex and many companies, especially SMEs, may think that they are not in the crosshairs of cybercriminals. This is far from the truth. According to the National Cybersecurity Institute, Spain is the third country in the world with the highest number of cyber attacks registered by companies. For this reason, cybersecurity insurance has become an absolute necessity for all companies.
Cyber’s product provides coverage for the company’s liability arising from a breach of data protection laws and the management of personal data. The insurance covers third party claims against the company for both illegitimate use (including employees) and corporate information.
External attacks can lead to server outages and consequent loss of operation and brand reputation. Likewise, regulatory and again, reputational fines.
Advice and management of those extortion situations. No one can guarantee that by paying an extortion, it will stop.
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