Cyber & Ransomware protection insurance in Spain in English.
CYBER SECURITY INSURANCE IN SPAIN.
RANSOM WARE AND CYBER INSURANCE IN SPAIN.
WHAT IS CYBER INSURANCE?
With the massive increase in digital technology, internet and data protection has become extremely important for businesses worldwide. Cyber insurance is a specialist insurance product used to protect businesses and individual users against internet and world wide web-based risks and internet technology infrastructure and activities such as ransom ware.
Cyber insurance is designed to protect against your business’ liability for a data breach which may collect private and sensitive information, such as your passwords, bank account details and other personal or business information that you deemed as secure.
CYBER LIABILITY INSURANCE IN SPAIN-GIBRALTAR-PORTUGAL-UK .
Cybersecurity, or cyber liability insurance is there to help your company in the event of a data breach, theft or if your computer systems are hacked or infected with a virus.
CYBER SECURITY RISKS.
Most of us use a computer at home and in our businesses. Cyber security risks are more prevalent today as there have been a significant increase in Cyber-attacks, Ransom ware and bogus emails with viruses attached to try and infiltrate your systems to steal your personal and business data. Today, April 2020, amidst the Coronavirus or Covid-19 outbreak, with most countries on lockdown for the foreseeable future, more home computers are being used and infiltrations are significantly higher.
WHAT IS RANSOMWARE?
Ransomware is a malicious software program that can block access to all your data, websites, banking etc. unless a ransom is paid. This is also known as Cryptovirology. Ransomware hackers will often lock all your computers and ask for a ransom payment to be made to unblock them.
Some basic Ransomeware attacks can be unblocked by a knowledgeable person and the process reversed and files recovered.
WHAT IS SPYWARE?
Spyware is used to try and steal your sensitive computer data such as your personal identity details, credit card information, banking details and anything the hackers may find useful to sell on to data collection companies. This software, often attached to emails or surveys you receive from unknown sources, searches your data files for this information, without your knowledge.
HACKING ENCRYPTED FILES.
Some of the more advanced computer Malware uses techniques known as Crypto virology or Crypto viral extortion whereby they encrypt your computer files, making them inaccessible, and then demands a ransom.
HACKING & COMPUTER HACKERS IN SPAIN, GIBRALTAR, PORTUGAL & UK .
We all use computers on a regular basis, and I think most people are aware of malicious emails that are often found in your inbox. With the “work from home” mentality now forced upon us with the Corona Virus Pandemic, these hacking and Ransomeware attacks are on the increase. They originate from all parts of the world, using a variety of technologically savvy techniques to get to your data, without leaving a trace.
PROTECTING YOUR DATA FROM CYBER ATTACKS AND RANSOMWARE WITH INSURANCE.
Cyber security insurance is designed to protect companies from Cyber-attacks and related problems.
It can provide: -
Up to €2,000.000 of cover with no excess.
Analysis of the problem by a computer expert and verification of the incident.
Stopping the incident and notification to the regulatory bodies.
Incident management & erasing the footprint.
Analysis of the reputational impact on networks.
ELECTRONIC DATA RECOVERY
One of the most important aspects of this insurance is to try and get your data back. Without your data you may not be able to carry on with your business operations unless you have a full and complete backup whereby your computers can be completely reformatted, and the backups put back onto your computers. - So always think safety – Back up your computers regularly.
REPLACING YOUR HARDWARE.
In some cases when systems are hacked, the systems may be so corrupt that it is necessary to completely or partially replace the computer Hardware. Cover is up to €30,000 with a €2,000 excess.
CYBER ATTACK LIABILITY FOR THE INCIDENT.
Cyber insurance will cover for you for Civil Liability against third parties with responsibility towards regulatory bodies, and internet publications up to €300,000 and cover for any additional penalties related to credit card payments systems of €300,000, and legal cover.
LOSSES DUE TO BUSINESS INTERRUPTION.
€2,000,000 of cover for the first 120 days with loss of benefits derived from suppliers.
INCIDENTS OF CYBER EXTORTION.
Up to €1,000.000 with a €2,000 excess.
Sublimit of €50,000 with a €5,000 excess which includes computer fraud and identity theft fraud and engineering fraud.
PROTECTING YOUR COMPUTER DATA AGAINST THEFT AND FRAUD.
There are many computer companies that provide additional computer security programmes to identify and repel any attempts at hacking or malware that is trying to access your computer. Keeping your personal and business data is a major issue and you should always make sure that any programs you purchase to protect your data is always updated on a regular basis.
This will mitigate some attacks and data protection companies are writing regular updates to catch the latest attempts at Cyber-attacks and Ransomeware, hence the need to update these regularly.
MALWARE ATTACKS & HACKING ON SOCIAL NETWORKING SITES.
Malware attacks and hacks try to get you to go to a website from a social media site, which contains a malicious software program which might ask you to download a free, fake anti-virus, take a fake survey or ask you to try something free. Known as search engine poisoning, hackers use Site engine optimisation techniques which can include clickjacking, cross site scripting, identity theft and bogus surveys to try and get information from you.
ESSENTIAL DATA PROTECTION SOLUTIONS.
Don’t open emails from unknown sources. – never open attachments or links that you do not trust, if in doubt, delete it.
Over 80% of adults use the same password for many of their computer programs. Use unique passwords and change letters for symbols and numbers of at least 12 symbols, numbers and letters.
UPDATE ANTIVIRUS SOFTWARE.
Updating your antivirus software regularly or automatically will keep your systems up to date with the latest defence against the latest malware and hacking software that these companies are trying to protect you against.
PROTECT MOBILE PHONE DATA.
Many people still don’t understand that modern smart mobile phones are sophisticated computers and can be hacked. Keep your passwords up to date and change them occasionally. Don’t use private data information over insecure or public WIFI networks. If your mobile phone is lost or stolen, remember to deactivate the device remotely and report it to your provider as soon as possible.
Updated April 2020 Copyright www.insuranceinspain.com