Cyber Risk Insurance
On today’s business landscape, technology is a key driver of growth — but it also introduces a new and growing threat: Cyber Risk.
Cyberattacks, data breaches, and information loss no longer affect only large multinational corporations.
Today, any business, regardless of size or industry, can become a target.
What is Cyber Risk?
Cyber Risk refers to the potential threats that arise from the use of digital systems, the internet, and data.
It includes incidents such as:
- System breaches or theft of customer data
- Ransomware attacks or malware that halt business operations
- Fraudulent use of corporate emails (phishing / spoofing)
- Loss of revenue due to operational downtime following a cyberattack
Why it matters for your business
Most companies today rely heavily on digital data — from client databases and online orders to financial information.
A single cyber incident can cause:
- Financial loss, including recovery costs, legal fees, and GDPR fines
- Reputational damage and loss of trust among clients and partners
- Operational disruption, directly impacting revenue
The Solution: Cyber Risk Insurance
Cyber Risk Insurance covers:
- Incident response costs, data and system recovery, and ransom payments (ransomware)
- Business interruption losses due to system downtime
- Third-party liabilities, including legal expenses and regulatory fines (e.g. GDPR)
- Crisis management, public relations, and reputation restoration support
Why through Tsalparas Advisory?
Our approach goes beyond simple insurance coverage.
We analyze your company’s overall exposure to digital risks, design preventive policies, and develop a tailored insurance plan suited to your size, sector, and specific operational needs.
Technology is constantly evolving — and so are the risks.
With the right strategy and protection, you can turn cyber threats from a danger… into a competitive advantage.