Insurance against cyber risks

Today, losses caused by cyberattacks are the primary risk topics that all businesses need to eliminate with appropriate and effective solutions in terms of both technical and risk management / transfer. Cyber insurance comes to the fore at this point for institutions that want to implement risk-reducing practices. Can Insurance and Reinsurance Brokerage Deputy Chairperson and Chief Executive Officer Meral Sürücü Toraman shared the following information:

“Considering the costs incurred by the companies after a possible attack and the possible production losses that may occur due to the down time of the business; we can see the importance of the issue more clearly. In this context, these risks can be covered with special solutions, especially data protection damages due to cyber security risk, damages caused by business interruption, defenses against public authority and fines, cyber ransom damages, information security and confidentiality liability and data breach costs. In this direction, as Can Insurance and Reinsurance Brokerage, we examine the information technology levels and risks of customers in detail. We offer the most appropriate cyber insurance content by identifying the risks that companies are or may be exposed to. We provide services to our customers for the determination of cyber risks and transferring them through insurance coverage.”