Why you need cybersecurity insurance

Author: | Published: 8 Aug 2019

The awareness of cyber risk has significantly increased recently, partly because of the the General Data Protection Regulation (GDPR) coming into force, and wide-spread media coverage of recent cyberattacks such as the encryption trojan NotPetya and ransomware cryptoworm, WannaCry. Estimated global costs associated with these cyberattacks are significant:$300 million for NotPetya and up to $4 billion for WannaCry. Some cyberattacks were specifically aimed at Swiss companies, with one targetting a Swiss telecom provider and its service providerresulting in the addresses of some 800,000 customers of the provider being stolen....