{"id":6976,"date":"2021-11-16T17:50:20","date_gmt":"2021-11-16T17:50:20","guid":{"rendered":"https:\/\/pryorglobal.com\/?p=6976"},"modified":"2021-11-26T17:02:37","modified_gmt":"2021-11-26T17:02:37","slug":"ciberataques-geram-crescente-busca-por-seguros-ciberneticos","status":"publish","type":"post","link":"https:\/\/www.pryorglobal.com\/en\/ciberataques-geram-crescente-busca-por-seguros-ciberneticos\/","title":{"rendered":"Demand for cyber insurance grows with ongoing wave of cyber attacks"},"content":{"rendered":"
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Remote work, Data Protection Regulation and leakages highlight companies’ vulnerability.<\/p>

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In recent years, cyber<\/strong> attacks<\/strong> have grabbed the headlines and put businesses and governments around the world on alert. The subject is delicate and not always treated with due transparency \u2013 as attacks reveal vulnerabilities \u2013 but all the surveys converge in pointing out a substantial increase in the number of occurrences. Recent data from Check Point Software, for example, indicates a global increase of 40% in the average number of attacks per week between 2020 and 2021. In Brazil, one of hackers’ main targets, this increase reaches 62%.<\/a><\/p>

As experts have pointed out<\/a>, the covid-19 pandemic was one of the main causes of this recent wave of cyber attacks. For individuals, the increase in online presence and the digitization of activities previously done face-to-face have revealed a series of vulnerabilities. As for companies, the sudden transition to home office, with remote solutions that are often outdated, made the criminals’ work easier.<\/p>

Ransomware<\/strong> attacks<\/strong> have been the most discussed, both because of the growth of cases and the evolution of hacking techniques, which are increasingly sophisticated. In this form of attack, cybercriminals are able to access and encrypt critical company data, requesting a \u201crescue\u201d so that the organization regains control of the system and confidential information is not leaked.<\/p>

Ransomware cases stand out for the ingenuity of the hacking and extortion tactics used by criminals. It is worth noting, however, that there are different types of cyberattacks (almost always based on exploiting flaws combined with social engineering techniques), and that every company has some vulnerability degree. Anyone who thinks that only large corporations and governments are targets of attacks is wrong. Last year, incidents involving small businesses were also registered<\/a>, causing financial losses and reputational damage for organizations with few resources to recover from such shocks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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To protect themselves from attacks, in addition to traditional measures (such as having a detailed security plan, maintaining good \u201ccyber hygiene\u201d practices and relying on experts), companies have also sought the so-called \u201ccyber insurance\u201d. The goal is to avoid damage caused by attacks that, despite the care, could not be avoided. Data leakage, for example, is one of the main concerns of organizations seeking this type of policy. In Brazil, this demand is further accentuated by the recent entry into force of the General Data Protection Law<\/strong> (LGPD<\/strong>), which led to an unprecedented degree of concern with sensitive information, as well as by the leakages<\/strong> that have been registered.<\/p>

Cyber insurance<\/strong> helps cover the costs of a crisis caused by cyber crimes, guaranteeing property risks and civil liability. The coverage, depending on the contracting clauses, can ensure payment of data rescue in cases of extortion, expenses to contain data leakage, cyber defense costs, civil convictions and administrative fines applied to third parties, among other losses.<\/p>

Given the dynamic nature of the digital environment, it is important to have specialized brokers who know the subject and understand the needs of each company, according to its size, sector and specific vulnerabilities.<\/p>

Pryor Global<\/strong><\/a> offers cyber insurance<\/strong><\/a> with broad coverage in case of leakage of data stored by the company and guarantee of payment of fines to third parties, as required by the new legislation. Talk to one of our specialists<\/a> to learn more about this type of insurance and find out how we can help your company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

In recent years, cyber attacks have grabbed the headlines and put businesses and governments around the world on alert. The subject is delicate and not always treated with [...] <\/p>","protected":false},"author":10,"featured_media":7006,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260,20],"tags":[],"class_list":["post-6976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-benefits-and-insurance-management","category-gestao-de-beneficios-e-seguros-corporativos"],"yoast_head":"\nCiberataques geram crescente busca por seguros cibern\u00e9ticos<\/title>\n<meta name=\"description\" content=\"Os ataques cibern\u00e9ticos est\u00e3o colocando empresas e governos de todo o mundo em alerta, gerando uma crescente demanda por seguros cyber.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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