Cyber

The danger of cybercrime continues to grow and has become a global threat to all businesses, regardless of national borders, size or industry. IT security has developed to a priority for companies looking to protect their data and systems. But even with cyber security measures in place, breaches do happen and can prove incredibly costly. That’s why cyber insurance is so important. It protects you against the consequences of cyber events by providing financial compensation and crisis management when things go wrong.

Cyber Security Incident?
Our trusted partner CERTAINITY can help!

The cyber security specialists advise small companies as well as international corporations on how to improve their information security and reduce their risk of becoming a victim of a cyber-attack.

Incident Response Hotline
+43 664 888 44 686

Understanding Your Risks

In today’s digitalized world, new risks emerge every day. Connecting to the internet opens the possibility of a hacker targeting your organization. Not only large corporate organizations are at risk. Small and medium-sized businesses are also vulnerable to cyber-events that result in a range of business impacts including ransom demands, business interruption, corrupted data and compromised personal information.

The following cyber threats can be significant, involving loss of data, blackmailing and the cost of rebuilding computer systems:

Ransomware: a type of malware designed to deny access to a computer system or data by encrypting the information and holding it “hostage” until the ransom is paid;
Phishing: a form of internet fraud where an attacker attempts to obtain sensitive information by pretending to be someone of familiarity through the use of electronic communication such as email or telephone;
Data breaches: an action where sensitive information is transferred from a computer or data centre to the outside world either intentionally or accidentally. This type of security incident can be damaging, costly and takes time to repair;
Hacking: criminally breaking into computer systems to damage or steal data is very profitable for hackers. Their motivation can be several reasons, like profit, protest, information gathering or challenge;
Insider Threat: the losses from insider cyber threats can be significant often because the insider knows exactly where to look to obtain access and how to overcome existing security measures.

Providing Tailored Solutions

GrECo offers cyber insurance that is specifically designed to cover all threats of today’s digitalized world.

CyberSolid completes your cyber security measures by providing holistic coverage:

Data Breach: disclosure or loss or theft of personal data or confidential information;
Cyber-attack: attack designed to disrupt access to or the operation of a computer system;
Privacy and Security liability: claims and investigations against you;
Operational error: any error in the operation or maintenance of your data or computer systems to agricultural industry.

If any of the above is triggered CyberSolid covers the following:

Your losses:

Breach costs;
Data recovery costs;
Business income loss;
Cyber ransom losses;
Reputation protection.

Claims and investigations against you:

Privacy liability;
Network security liability;
Privacy investigation costs;
Privacy forensic costs;
Online liability,

Creating Added Value

Response with a 24/7 hotline to a proven crisis manager.
Manages data breaches with forensic investigations, legal advice and notifies customers or regulators.
Compensates for loss of income as a result of a breach.
Protects you for any GDPR non-compliance claims.
Covers also breach by suppliers and operational error.
Increase your cyber resilience with our trusted partner CERTAINITY – Cyber Security Specialists

What Our Clients Say

“GrECo’s global expertise and long-time
stability were the decisive factors that kicked
off our close collaboration.”

Franz Semmernegg

CFO of Kapsch Group

Brian Alexander

Group Practice Leader Financial Institutions

T +43 664 962 39 17

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