Cyber insurance protects you against damage that can result from a cyber attack or loss of data. The threats range from hacking to data theft and espionage to sabotage and computer viruses. Every company that uses Internet services should protect itself – regardless of the industry. Because malicious software from websites and emails can have disastrous and very expensive consequences.

Whether you are a freelancer, self-employed person or a 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 fall victim to targeted and non-targeted cyber attacks – especially since IT security is usually not that stable, especially in small companies. But even excellent IT departments often do not have the necessary know-how and the ability to react quickly to handle a cyber incident optimally.

The INSURANCE BROKER CYBER PLUS offers cover for damage, e.g. caused by cyber incidents:

Violation of network security: Your IT system is being accessed or used improperly. A violation of network security is e.g. before 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 violations.

Operating error: You or one of your employees use the IT system improperly and this leads to data loss.

Violation of data security: You are violating contractual confidentiality obligations or statutory data protection regulations such as the General Data Protection Regulation (GDPR).

Cyber extortion: You are illegally threatened with a network security breach or data security breach, and a ransom is required for failing to implement the threat.
Insurance cover is provided for personal injury in the form of immediate assistance in an emergency, for costs and damage, and for damage caused by cyber business interruptions.

Cyber insurance also covers financial losses suffered by third parties.

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