In recent years, cyberattacks on companies have constantly increased. In 2018, Spain recorded more than 81,000 complaints related to cyberattacks, according to the Spanish National Institute of Cybersecurity (INCIBE), a significant increase compared to previous years. As McAfee reports, Spanish companies are subject to an average of 400 attacks via the internet every day, each costing an average of 50,000 euros, according to INCIBE.

These figures clearly indicate that cyberattacks are a serious challenge for companies, especially if one considers that the trend will continue to rise. But what exactly is a cyberattack? It is a crime whose purpose is to access private information in order to appropriate, alter or destroy it. The reasons? There are many. They range from economic interest to political or social motives, although these attacks are very often associated with extortion and the subsequent demand for a ransom in exchange for not damaging the data stolen from the organisation.

SMEs, a major target

It is important to note that there is no specific company profile targeted by this threat. Obviously, the large organisations and multinationals hit the headlines when they are the victims of these attacks. However, according to INCIBE, 70% of attacks are aimed at SMEs, 60% of them being forced to close after suffering an attack, as Kaspersky Lab indicates. Companies clearly need to be aware of the risk, especially those that do not have the financial capacity to deal with an unforeseen event of this nature and whose continuity could, therefore, be threatened by a cyberattack.

To deal with these risks the cyber-protection insurance offered by RibéSalat is the most reliable solution. It provides an effective response to a cyberattack or uncontrolled negligence, enabling you to analyse and mitigate its effects and activate appropriate communication or contingency protocols. In other words, it is an essential data protection tool for any organisation, regardless of its size and sector.

RibéSalat’s solution takes possible sanctions imposed under the new Data Protection Act (GDPR) into account, as well as compensation for possible harm to third parties, whether related to breaches of data or damage caused by viruses, malware etc. It also provides cover for the financial damage caused by an incident involving information systems or computer resources, regardless of whether the event originated internally or externally, or whether it was deliberate or accidental.

It offers protection against the interruption or cessation of business, customer losses, recovering the company’s reputation, legal consequences, and compensation for the publication of personal data and confidential information relating to third parties. The fees of IT security consultants, and experts in IT, legal matters and communication are also covered. This comprehensive policy is designed to address the new challenges inherent in the digital age.

Prevention as a first step

At RibéSalat we are aware of the importance of preventive measures and security precautions in a company to reduce the risk of cyberattacks, which is why we offer the following services:

  • 24h cyber-assistance
  • Protective Software
  • Backups
  • Vulnerability analysis (website, internal and external IP network)
  • Analysis of the company’s reputation in networks
  • Legal recommendations on data protection
  • Security recommendations
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