https://www.pitsasinsurances.com/en/articles/cyber/ Recent content in Cyber on Pitsas Insurance Hugo en-US Mon, 18 Dec 2023 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/cyber-insurance-cyprus/ Mon, 18 Dec 2023 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/cyber-insurance-cyprus/ <h3>Cyber insurance in Cyprus</h3> <p>Cyber insurance is an indispensable product for companies that handle sensitive personal data (i.e. credit cards, social security numbers, tax records) and for companies that provide technology services to third parties.</p> <p>Companies based in Cyprus are often contractually obligated to acquire cyber insurance from a reputable insurer when signing a business deal with a large international company.</p> <p>Cyber insurance can be expensive, so we wrote this analytical guide to help you understand the coverages and learn ways to save money on your contract.</p> https://www.pitsasinsurances.com/en/article/information-security-and-data-protection/ Thu, 10 Mar 2022 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/information-security-and-data-protection/ <h2>How to Protect Your Personal Data Online</h2> <p>Today, personal information is one of the most valuable digital assets. Proper data protection helps reduce the risks of identity theft, online fraud, phishing attacks, and unauthorized use of personal information.</p> <p>Your name, address, photographs, passport details, school information, and social media activity may all become targets for cybercriminals if proper data protection measures are ignored.</p> <p>To help improve your online data protection, we have prepared several simple recommendations that can help you stay safer online.</p> https://www.pitsasinsurances.com/en/article/a-decade-of-cyber-attacks/ Mon, 12 Jul 2021 13:00:00 +0000 https://www.pitsasinsurances.com/en/article/a-decade-of-cyber-attacks/ <p>[](<a href="https://www.pitsasinsurances.com/image/article/downloaded/2026/05/wp6781149-cybercrime-wallpapers.jpg">/image/article/downloaded/2026/05/wp6781149-cybercrime-wallpapers.jpg</a>)</p> <p>With more than half the world population now online and roughly a million more joining the internet each day, it is no wonder that cyber crime is also rapidly on the increase. The digital nature of virtual technologies used by people on a daily basis makes them vulnerable to cyber attacks that can take a multitude of forms &#8211; from data breaches and ransomware to the large-scale overtaking of systems with potentially devastating consequences. </p> https://www.pitsasinsurances.com/en/article/cyber-hacks-cost-billions-is-your-business-insuranced/ Wed, 03 Jul 2019 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/cyber-hacks-cost-billions-is-your-business-insuranced/ <p>Cyber attacks cost companies 400 billion dollars each year and even the biggest companies in the world have fallen victim. Do we know that your IT department takes every security precaution possible to protect your business, clients, and employees but are you financially covered if the worst happens?</p> <p><strong>What Hackers Can Steal From You Right Now</strong></p> <ul> <li>Confidential client records</li> <li>Client credit card &#038; bank details</li> <li>Employee social security/passport details</li> <li>Passwords &#038; website access details</li> <li>Confidential emails, documents &#038; contracts</li> </ul> <p>With today’s technology and social media accessibility, a hacker can expose your confidential information at light-speed leaving you vulnerable to further hacks or in many cases lawsuits resulting from broken nondisclosure and data protection agreements.</p> https://www.pitsasinsurances.com/en/article/cyber-attack-insurances/ Wed, 03 Jul 2019 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/cyber-attack-insurances/ <h2>1. Introduction</h2> <p>As Robert Mueller (FBI Director 2012) put it: “There are only two types of companies: those that have been hacked and those that will be”</p> <p>Virtually every business relies on data and computer systems. When these systems experience a virus or other computer attack (cyber attack), a business is at real risk of losing critical information that is essential to daily operations and potentially exposing itself to third-party liability. Since data can be sold at extremely high prices in the black market, hackers have strong motivation to hunt after these data.</p> https://www.pitsasinsurances.com/en/article/cyber-attack-coverage/ Mon, 31 Jul 2017 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/cyber-attack-coverage/ <p>The CAI helps clients prevent and safeguard against sensitive data breaches, computer hacking, employee error and more.</p> <p><strong>The coverage includes the following categories of expenses</strong>:</p> <ul> <li>Cost for the assessment of the problem (forensics)</li> <li>Cost of a Crisis Management Expert</li> <li>Cost of informing affected clients.</li> <li>Fines and sanctions against the company</li> <li>Legal Advice.</li> <li>Cost of the negotiator in the cases the hacker requires ransoms</li> <li>Payment of ransoms.  Our company cooperates with the global negotiations expert company NYA International which consists of former army officers and special agents.</li> <li>Cost associated with computer restoration</li> <li>Data recollection, recovery from electronic resources</li> <li>Data recreation from nonelectronic sources</li> <li>Public Relationship (PR) company will help you to rebuild your reputation.</li> <li>Third party liability</li> </ul> <p><strong>Get a Quote: <a href="https://www.pitsasinsurances.com/en/quotes/cyber/">https://www.pitsasinsurances.com/en/quotes/cyber/</a></strong></p> https://www.pitsasinsurances.com/en/article/faq-cyber/ Thu, 01 Jun 2017 00:00:00 +0000 https://www.pitsasinsurances.com/en/article/faq-cyber/ <p><strong>What is cyber insurance?</strong></p> <p>Cyber insurance, or cyber security insurance and cyber liability insurance, is designed to help reduce the financial risks of doing business online.</p> <p>Cyber insurance is indispensable for companies that handle their customers’ or clients’ personal data online, such as credit cards.</p> <p>It’s also crucial insurance for companies providing technology products or services to third parties.</p> <p><strong>What does cyber insurance cover?</strong></p> <p>Acquiring cyber insurance in Cyprus is usually a prerequisite when signing a business contract with a sizable international company.</p>