Learn about cyber risk insurance

A cyber risk is a malicious attempt to access or harm a computer system or network. These cyberattacks can cause money loss or result in the theft of personal, financial, or medical information, which can dramatically affect an individual or business.

The most common threats

Some of the most common threats are the following:

• Malware

This can be displayed with the appearance of an antivirus alert on the screen. Usually people see it as normal and mistakenly click on a suspicious looking email attachment.

• Phishing

Phishing attacks are when an attacker can send you an email that appears to be from someone you trust, like your boss or a company you do business with.

The email will appear legitimate and have some sort of urgency. In the email, there will be an attachment and by opening it, the malware will be installed on your computer.

• Ransomware

It is considered a form of malware that encrypts data on computer systems after they have been infected.

• Cyber risk policies

Insurance for cyber risks are essential tools to help companies protect their assets against possible security leaks, hacker attacks, computer viruses, among others.

Some benefits of cyber risk insurance

– Minimizes the consequences and losses of a computer attack.

– Facilitates the economic recovery of the company.

– Allows the fastest return to commercial normality.

– Increases the company’s digital defense capacity.