Cyber insurance for companies: protection in the face of increasing digitalization
We remember: A few years ago there were only computers in offices or there were PCs that controlled a company's machines and systems. They were all not connected to one another, the computers were neither connected to the company network nor to non-company computers or servers.
Today it looks different and there is hardly a PC left that is not networked. Everything is based on networks which, despite all computer security, are not always and in every place really safe. Last but not least, the human being as a user represents a risk factor that can neither be ruled out nor really calculated.
Cyber insurance makes sense for all companies that rely on strong internal and external networking and that will continue to rely on digitalization in the future. Basic rule: The more the business depends on how efficient the IT is or how well it works, the more important it is to have appropriate insurance. It protects against personal and third-party damage and protects a company from possible bankruptcy due to high compensation payments with simultaneous company downtime.
It has to be honestly said that a company is already vulnerable if it only relies on online banking, if it transmits accounting data online to the tax office or if it is telephoned over the Internet. If hackers want to break into the network, they can do it! Good for the company, which is then covered and at least the financial damage is compensated.
Cyber insurance also makes sense for private individuals?
Private individuals who frequently use the Internet should also consider cyber insurance. They are also dependent on achieving the best possible protection for their activities, although common virus protection programs are not always helpful.
If, for example, booking errors occur when shopping online, goods ordered are not delivered or someone else orders from an online shop via their own purchasing account, insurance is actually helpful. The damage is limited to CHF 10,000, for example, which should, however, adequately protect most online orders.
Social networks are also a high risk, as accounts are often copied and used for illegal purposes. Identity theft can go so far that financial transactions are carried out in the name of the person being stolen? the costs are borne by the victim.
Cyber insurance is therefore also strongly recommended for private individuals, provided that they frequently use the Internet or do their shopping there. Since the cyber insurance also covers the costs of data recovery, it is also helpful for private individuals in the event of a damaged hard drive by a hacker attack.
However, it is important to read the terms and conditions of the insurers and to be aware of all exclusions and restrictions on benefits before signing the insurance contract. Here at neotralo.ch you can compare the providers!
