- Job title
- Social media manager
- Sector
- Insurance
- Organization type
- 8-person team
- Joined
- Nov 2024
- Message
- 19
Cyber insurance policies are starting to be offered. Providers say 'we cover hacker attacks, data breaches, and system downtime costs.' But premiums are high: 3-5 thousand lira/year for small companies (50 people). Is it necessary if the budget is limited?
I understand the coverage parts: forensic, customer notification, police support, business interruption. But there are exceptions (internal negligence, policy violations are excluded). Is it really worth it?
If I don't have insurance initially and experience 1-2 attacks, what do I lose? What is the average cost of a cyber attack (in Turkey)? Can they cancel the policy as premiums increase (after 2-3 attacks)?