Axyom

A cybersecurity insurance (also called cyber risk insurance) covers the costs and damages resulting from a computer incident, helping you recover and maintain your business continuity. Exact coverages depend on the policy, but typically include:

Technical assistance and post-incident support: access to cybersecurity experts who will investigate the attack, help contain the damage, and guide you through recovery.

Data and system recovery: coverage for restoring backups, recovering lost information, or repairing damaged systems.

Incident management and extortion (ransomware): specialized support if you suffer a cyber extortion attack.

Liability for security breaches and data protection: covers legal consequences if a breach exposes third-party data.

Loss of income and business continuity: compensation for business interruption while your systems are down.

The price of cyber insurance varies based on several factors, so there's no single rate. Aspects such as the size of your business, the sector you operate in, the amount of sensitive data you handle, your annual revenue, and the level of IT security you already have in place all influence the cost. At Axyom, as a specialized brokerage, we can help you assess your risks and find the best cyber insurance option for your budget and needs.

Suffering a cyberattack can be alarming, but it's important to stay calm and act quickly. Stay calm and isolate the affected systems. Notify your IT or security manager immediately. Contact your insurer or insurance broker as soon as possible. Don't give in to attacker demands without professional advice. Document and, if necessary, report the incident.

Cyber risk insurance typically covers most forms of computer attacks: malware and viruses, ransomware, phishing and social engineering fraud, denial of service attacks (DDoS), and intrusions and security breaches.

Yes, absolutely. The size of your business doesn't make you immune to cyberattacks. SMBs and startups are often a frequent target for cybercriminals, precisely because they sometimes have fewer resources dedicated to security. Cyber insurance provides essential financial and technical backup when you need it most.

Having antivirus, firewalls, backups, and other protection measures is essential to reduce risk, but no defense is 100% foolproof. Cyber insurance doesn't replace your security systems, but complements them: it comes into play when prevention fails.

Post-incident support is the comprehensive assistance offered by the insurance after a cyberattack. You will have a team of specialists at your disposal to assist you throughout the recovery process: forensic analysis, threat containment, system restoration, legal advice, and communication support.