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WHY Cyber Security Insurance?

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Cyber Insurance also referred to as Cyber Liability or Cyber Risk Insurance, is an insurance cover designed to protect organisations from unforeseen costs involved in recovery after a cyber security breach or similar event.

data breaches by the numbers

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On a average of 2,244 times a day, hackers attack every 40 SECONDS.

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4.1 BILLION records were exposed in data breaches.

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An average of $1,178 per employee is spent on cybersecurity.

where do cyber attacks come from?

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48% of malicious email attachments are office files.

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34% of data breaches involved internal factors

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65% of groups used spear-phishing as the primary infection vector.

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94% of malware was delivered by email.

Types of Cyber Attacks

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Who Needs Cyber Insurance?

Everyone!

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Healthcare had the highest data breach costs at $429 PER RECORD.

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43% of breaches involved small businesses.

All businesses are dependent on computer systems and the internet whether you  are a micro business such as a convenient store or a large organisation in transport, logistics, financial services or retail.

what is covered?

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Cyber Risks Insurance as a value-added service

Cyber Risks Insurance also supports clients with strengthening their cyber security. Typical value added services offered by Insurers:

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Cost effective solutions for SMEs

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Partnered with the leading Cyber Insurers in  the UAE, InsuranceMarket.ae™ is able to  provide a cyber insurance coverage for third party losses arising out of data breach to SMEs and micro businesses.

A simple 1 page proposal form needs to be filled  and sent to us to provide terms.

our Insurance Partners

Why cyber security insurance with InsuranceMarket.ae™

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25 Years of UAE Insurance experience
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Dedicated personal shopper to answer all your questions
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Simple and fast claims process
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Highest rated insurance provider in the UAE
Insure Now Pay Later
Insure Now
Pay Later