WHY Cyber Security Insurance?

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

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

4.1 BILLION records were exposed in data breaches.

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

where do cyber attacks come from?

48% of malicious email attachments are office files.

34% of data breaches involved internal factors

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

94% of malware was delivered by email.

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Types of Cyber Attacks

Who Needs Cyber Insurance?

Everyone!

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

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?

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:

Cost effective solutions for SMEs

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.