HP In Italy, sensitivity towards the issue of Cyber Risk is still underdeveloped and businesses do not fully understand the seriousness of the threat and its dangerousness. The GDPR applies very high fines to those who lose or disseminate data without authorization, even if it were due to a cyber attack. Cyber Risk insurance coverage may cover information security-related claims, including data breaches, network failures, and content liability to avoid complaints and legal action. The insurance pays the following damages. Suffered by the insured - Loss or damage to digital assets - Interruption of activity due to network block - Cyber extortion - Reputational damage - Theft of money or digital assets - Physical damage - Cyber risk management services - Forensic costs caused to third parties - Violations of privacy and security - Judgments of a Supervisory Authority - Defamation or violation of privacy on the content of electronic information - Third party intellectual property infringement or third party data loss - Legal, postal and advertising costs in case of obligations to notify third parties of the violation privacy. In addition to the above, damages for investigations, defense costs are covered. The policy also includes an important assistance service, a true added value of the coverage. In the event of a claim, you will be assigned an (experienced) Incident Manager who will talk to you and support you, based on the severity of the accident, to identify the best IT forensics, public relations, legal consultants, fraud specialists, etc. ... The Incident Manager will always take care of the damage mitigation and will help you resume your normal activities.
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