Finally, cyber insurance was presented as an important tool to mitigate the risks and financial impacts of cyber incidents. Marta Schuh, Director of Cyber and Technology Insurance at Howden Brazil, shared: “Technology professionals thought they would be seen as bad professionals if they took out cyber insurance,” showing the challenge of implementing cyber insurance in the early days. In addition, initial adoption challenges, such as understanding the coverages offered and eligibility requirements, were widely discussed. Companies need to achieve a minimum level of cybersecurity maturity to be eligible for these policies.
Benefits of Cyber Insurance
The benefits of cyber insurance include covering the costs bolivia whatsapp data of investigation, systems recovery and crisis management, providing a financial safety net that can be crucial to business continuity after an attack.
Cybersecurity is a multifaceted challenge that requires a comprehensive and collaborative approach. Daniel’s journey and the insights shared by Raquel demonstrate that despite initial difficulties, strategic investments and partnerships can transform a company’s cybersecurity, making it more resilient to threats. For small and medium-sized businesses, awareness and adequate support are key, while balanced regulation can provide the necessary framework to strengthen cybersecurity in Brazil. Cyber insurance, in turn, emerges as an essential tool to mitigate financial impacts and ensure the sustainability of business operations.
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