{"id":1358,"date":"2021-10-25T15:01:51","date_gmt":"2021-10-25T15:01:51","guid":{"rendered":"https:\/\/ribesalat.com\/what-is-cyber-risk-and-how-can-it-affect-my-company\/"},"modified":"2026-01-07T16:59:32","modified_gmt":"2026-01-07T16:59:32","slug":"what-is-cyber-risk-and-how-can-it-affect-my-company","status":"publish","type":"post","link":"https:\/\/ribesalat.com\/en\/what-is-cyber-risk-and-how-can-it-affect-my-company\/","title":{"rendered":"What is cyber-risk and how can it affect my company?"},"content":{"rendered":"<div>\n<p>The current increase in computer crime and the risk of cyberattacks are among the greatest concerns of entrepreneurs.<\/p>\n<\/div>\n<p>A cyber attack could lead to a financial loss for our company, the theft of confidential information, business disruption or damage to the company&#8217;s reputation.<\/p>\n<p>One might think that only large, well-known companies will be affected by cyber attacks, but in fact any company with a presence on the internet can suffer an attack.<\/p>\n<p>It should be noted that the scope of cyber-risk is not limited to attacks, but also includes the following points:<\/p>\n<ul>\n<li>Software programming failures.<\/li>\n<li>Negligence in the processing of sensitive or confidential data.<\/li>\n<li>Data hijacking.<\/li>\n<li>Disclosure of personal data.<\/li>\n<li>Disruption to production lines managed by software.<\/li>\n<li>SLAs.<\/li>\n<\/ul>\n<p>This is a complex issue, as each company has its own characteristics, so it is important to carry out a study to determine the risks in each case and the best form of protection, which must be managed efficiently.<\/p>\n<ul>\n<li>How would your business respond to a computer attack involving a breach of data or a disruption of your systems?<\/li>\n<li>Can you access professionals to help you manage the attack and inform your customers appropriately?<\/li>\n<li>Could you assume the financial costs of an effective response?<\/li>\n<\/ul>\n<p>We need to incorporate security measures in our organisation to help us mitigate the cost of liability arising from attacks or incompetence. <strong>Cyber-risk insurance<\/strong> offers an effective response to a cyberattack or negligence, enabling you to analyse and mitigate their effects and activate appropriate communication and contingency protocols.<\/p>\n<h2>Why do I need cyber-risk insurance?<\/h2>\n<p>Did you know that for an SME the average cost of a cyberattack is \u20ac75,000 &#8211; \u20ac311,000? This is the cost of managing an attack efficiently, but we can protect ourselves with <strong>cyber-risk insurance<\/strong>, which will provide the following solutions:<\/p>\n<ul>\n<li>Financial protection against the costs of a computer attack involving a breach of information or disruption to systems, and access to industry experts who are able to monitor and manage the situation.<\/li>\n<li>Advice and support for incident management at the time of the attack.<\/li>\n<li>Legal solutions and advice to limit reputational damage.<\/li>\n<li>Specialists in extortion to limit and manage demands in each case.<\/li>\n<li>Forensic investigation in order to report the crime.<\/li>\n<\/ul>\n<p>In view of the wave of cyberattacks, it is a wise precaution to consider whether your company needs additional cover for such incidents and CIOs must bear in mind the importance of protecting sensitive data held by the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current increase in computer crime and the risk of cyberattacks are among the greatest concerns of entrepreneurs. A cyber attack could lead to a financial loss for our company, the theft of confidential information, business disruption or damage to the company&#8217;s reputation. One might think that only large, well-known companies will be affected by [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":815,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[37],"tags":[],"class_list":["post-1358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation-and-technology"],"_links":{"self":[{"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/posts\/1358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/comments?post=1358"}],"version-history":[{"count":1,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/posts\/1358\/revisions"}],"predecessor-version":[{"id":3062,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/posts\/1358\/revisions\/3062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/media\/815"}],"wp:attachment":[{"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/media?parent=1358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/categories?post=1358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ribesalat.com\/en\/wp-json\/wp\/v2\/tags?post=1358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}