Hit enter to search

Ready for Cyber Insurance?

13/03/2019
Author Avatar
Jean-Michel Block
Managing Partner, EASI

As more and more firms are turning to cyber insurance, EASI decided to join forces with HDI to protect your digital assets from online attacks.

A new way for companies to defend against cyberattacks

Even though cyber insurance policies are still relatively new in the market. Insurers throughout Europe have already been taking action to help society prepare for and increase its resilience to cyber risks.

The demand for cyber insurance is expected to grow fast, but in our opinion insurance should always be complementary to a robust cyber resilience risk management programme.

Joining forces

That is why EASI is now joining forces with HDI to propose a bundled offer to the customer: EASI will put in place the necessary measures to protect the customer’s environment and prevent the risk.EASI en HDIIn return, HDI will cover the remaining risk with an appropriate tailor-made cyber-insurance policy. In the event of a successful attack, EASI will provide an expert to help the customer to limit the impact and restart its business as soon as possible.

Thanks to our integrated approach, these repair services are fully covered by the cyber-insurance contract of HDI. The bundle also provides the help of a lawyer in the event of a data leak which falls under GDPR.

From prevention to cure, this EASI-HDI bundle offers a complete all-in one solution to the SME. If you are interested in more information, please don't hesitate to contact us without any obligation.

Why?

Small and medium-sized enterprises are becoming lucrative targets for hackers. Why do they love targeting these SME's, you ask? Simple. They are soft targets, they have lots of information and more often than not, they have low protection measures in place to prevent hackers from gaining access.

To illustrate this trend, I would like to share some figures with you that I read recently.

In 2017, the two malwares WannaCry and NotPetya, encrypted files in organisations across the world. According to the Economist, Maersk, a Danish shipping firm, said it had incurred costs of $300m.

Worryingly, a survey conducted in 2018 by KPMG and Harvey Nash, concluded that 80% of IT bosses evaluated their company as not well prepared for an attack!

The picture doesn’t look any better in Belgium. According to a study by PriceWaterhouseCoopers, 53% of enterprises in Belgium were attacked during the last two years.

Despite all warnings, the cases of phishing have tripled (!) last year. Examples are legio, just last monday a clinic in Herstal was the victim of a ransomware attack

My advice? Don't be the next victim, but protect yourself. It's time to take action. 

 New call-to-action

Current job openings

Get our top stories in your inbox every month

Follow us

  

Share this article