2023-12-22 20:20:22
As society moves towards an increasingly more digitalo cyber insurance stands out as a protection for companies to face the intrinsic challenges of this connected world. A IBM Security published its annual report “Cost of a Data Breach Report“, revealing that data breaches reach unprecedented costs and impacts, reaching an average of R$6.45 million in Brazil. This value represents the highest cost ever recorded in the history of the report for the organizations surveyed.
In the face of data breaches or cyber attacks, cyber insurance becomes a support, covering everything from legal expenses to communication costs with affected parties, system repairs and data recovery. Some policies offer complementary incident response services, providing support from cybersecurity and public relations experts to deal with such crisis situations.
For Nina Teixeira, Marketing analyst at Geneva, cyber insurance covers a wide range of risks, including hacker attacks, data breaches, ransomware, malware, and even business interruption from digital incidents. She emphasizes that this type of insurance not only covers the costs associated with notifying and monitoring affected customers, but also legal liability for third-party data loss and expenses for restoring the company’s reputation.
The cost of cyber insurance varies depending on a number of factors, including the size and type of business, volume and nature of data handled, security measures already implemented, history of previous cyber incidents, sector of activity and level of coverage. desired. In a world where digital risks are increasingly imminent, investing in cyber insurance becomes a necessity that ensures resilience and business continuity in the constantly evolving digital environment.
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