Modern information technologies and global networking bring with them new, complex risks that affect businesses of all sizes and in all industries. Media coverage shows that cyberattacks are now daily occurrences. It is true that security softwares against viruses, Trojans and worms provide a certain level of protection. However, in anticipation of high revenues, criminal network activities have now developed a technical skill that is almost impossible to stop. There is no such thing as an IT system without vulnerabilities for these attackers. They are always looking for and finding security gaps.
Cyber insurance is a cover for claims arising from information security breaches. In the event of a successful cyberattack against the company, cyber insurance not only protects you from the financial impact of the attack, it also provides the basis for continuing your day-to-day business.