Cyber insurance protects you from damage that can be caused by a cyber attack or data loss. Threats range from hacking to data theft and espionage to sabotage and computer viruses. Any company that uses Internet services should protect itself, regardless of the industry. Because malicious software from websites and emails can have catastrophic and very expensive consequences.

Whether you are a freelancer, self-employed or large company, cyber insurance is recommended for companies of all sizes and in all industries. Since not only large companies are targeted by hackers, small companies can also become victims of targeted and non-targeted cyberattacks – especially since IT security is usually not as stable, especially in small companies. But even excellent IT departments often do not have the expertise and ability to respond quickly to best manage a cyber incident.

The INSURANCE BROKER CYBER PLUS provides cover for damage caused, for example, by cyber incidents:

Network security breach: Your IT system is inadmissible or inused. For example, a breach of network security occurs in attacks by hackers in which data is deleted or encrypted, or when unauthorized persons receive access data through phishing and thus access the IT system. Malware and denial-of-service attacks are also among the network security breaches.

Operating error: You or one of your employees is using the IT system improperly and this results in data loss.

Data security breach: You violate contractual confidentiality obligations or statutory data protection regulations such as the General Data Protection Ordinance (GDPR).

Cyber extortion: They are unlawfully threatened with a breach of network security or a breach of data security, and a ransom is demanded for the failure to implement the threat.
Insurance cover is provided for personal injury in the form of emergency assistance, costs and damages, and damage caused by cyber business interruptions.

Cyber insurance also covers financial losses incurred by third parties.

If a cyberattack is suspected, collect all information about the incident and follow your designated contingency plan.
Report the attack to the police immediately. It is advisable to contact a central contact point for cybercrime of the State and Federal Police for Economic Affairs (ZAC). Report the damage to your insurer immediately.