Cyber insurance to help with risk management

Cyber insurance

The frequency of cyberattacks is increasing exponentially worldwide, this is a fact ( just look at the Equifax breach or the Sweden hack ). All of this causes serious repercussions for business in general. From 2013 to 2016, a relatively short timespan, the number of attacks rose by 58%, affecting every type of industry. The Insurance sector fully understood this trend introducing cyber insurance policies. Insurance companies focused on corporate risks regarding both SMEs and large enterprises. Nowadays, potential and actual cyberattacks – alongside more “traditional” risks – dominate the lists drafted by the most important insurance agencies. During “Risk Mind Insurance 2017”, the conference held in Amsterdam last March, the importance of effectively handling the losses related to cybercrime was analysed in depth ( Cybersecurity guide ).

Cyber insurance: special tailor made products in order to face risk

Therefore, it comes as no surprise that the assessment and handling of risks connected with this phenomenon are a Management priority. This led to developing specific security procedures. ROSI (Return on Security Investment) is an important discriminating factor. It evaluates the investments to promote in order to reduce cyberattack-related risks. Information Security and risk prevention keep being of paramount and strategic importance. This leads to implementing the right tools.


How can you protect your business?

In order to assure to your business the best tool available, Swascan developed a special ( Premio Cisco-Marzotto winner ) cybersecurity platform. It is completely in Cloud, Pay per Use and SaaS. You can see for yourself in our brochure: Cybersecurity platform and have an in-depth look at our services. Our three services cover all the governance needs in terms of risk management and periodic assessment. Basically, if you need to understand the areas in which your efforts must focus, Vulnerability Assessment, Network Scan and Code Review are the right tools for you. Last but not least, don’t forget GDPR: our platform is 100% GDPR compliant ( GDPR infographic ).


Cyber Risk and Insurance
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