CYBER RISK INSURANCE

Cyber attack risks have become very important today, especially for companies in the telecommunications, IT, retail and banking sectors, where their operations and business processes are largely technology-dependent.

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Cyber risks insurance cover the responsibility of data protection, cyber blackmail, loss of data, business interruption of the insured. In addition, these insurances cover not only the business but also the damages suffered by third parties due to data loss.

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In spite of all the precautions taken, the insurance is activated when the systems are affected by the attack and prevents the institutions from receiving permanent damages.