Cyber incidents – the underestimated risk
In the digitised world of today, cyber attacks can have serious consequences. IT alone cannot overcome these growing challenges. Companies should therefore consider the matter holistically and act accordingly.
Hackers just have to find one small vulnerability in a system – and virtually every company has one – or trick one employee. Then they already have access to external computers and can steal data and infect networks. Once the IT is paralysed, the machines themselves quickly shut down, too. The damages of cyber attacks are enormous and can even become an existential threat. And it’s not necessarily criminal acts that can cause damage – more frequently it is technical problems or a company’s own employees that put the company at risk.
Read on to find out where cyber risks are hiding and how you can equip your company to face these new challenges. You can identify vulnerabilities in your company with the cyber risk analysis or a pen test. Different types of insurance cover can be combined based on your risk situation. Our experts from risk and insurance management will be happy to advise you on the details.
Learn more about cyber risks
Funk cyber damage overview 2019
We’ve reviewed current studies and claim statistics for you: using specific figures, learn how extensive cyber risks are currently and what industries are most affected.
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/funk-cyber-damage-overview-2019/
Cyber in 2019
How long can your company function without IT? In today’s digital world, cyber damage can quickly become an existential threat. What are the risks in the cyber world, and how can companies arm themselves against attack?
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/cyber-in-2019/
IT security in 2025
What will IT security look like in the year 2025? A current industry study shines a light on how well-prepared companies currently are for cyber risks and what cyber attacks will focus on in future.
Link: https://www.funk-gruppe.de/en/corporate-blog/risk-management/a-glimpse-into-the-future/
Expertise for global players
Cyber damages know no limits and can create an unpleasant situation abroad. With Funk, you get comprehensive international protection.
Link: https://www.funk-gruppe.de/en/corporate-blog/insurance-management/expertise-for-global-players/
The scam with the fake boss
Companies are increasingly falling victim to the so-called ‘CEO fraud’, also known as the ‘fake president fraud’. The basic idea is similar to the well-known ‘long-lost relative trick’.
Link: https://www.funk-gruppe.de/en/corporate-blog/insurance-management/fidelity-insurance/
Funk CyberProfessional
Smaller companies and freelancers often wrongly assume that they are safe from hackers. But even they can benefit from cyber insurance. Funk CyberProfessional is the right choice for small businesses.
Link: https://www.funk-gruppe.de/en/corporate-blog/insurance-management/cover-for-local-heroes/
Dual cover for your risk
There’s no one-size-fits-all solution because each industry has its own particular IT risks. Companies should find ways, based on their individual risk situation, to combine two forms of cover in a sensible way: cyber insurance and fidelity insurance.
Link: https://www.funk-gruppe.de/en/corporate-blog/insurance-management/deckungs-duo-fuer-ihr-risiko/
Funk CyberSecure
Cyber risks threaten the economy. With Funk CyberSecure, Funk offers an exclusive customisable insurance solution. We provide an overview of the services and insured risks included.
Link: https://www.funk-gruppe.de/en/corporate-blog/insurance-management/this-is-funk-cybersecure/
Cyber protection for hospitals
Patient data is worth more than credit-card information. This is just one reason why hospitals and clinics become targets for criminal hackers.
Cyber risk analysis
In our digitised world, a cyber incident can quickly paralyse an entire company. Individual vulnerabilities can be identified in a workshop. A cyber risk analysis will reveal all.
Link: https://www.funk-gruppe.de/en/services/risk-management/cyber-risk-analysis/
Prominent claims
Global enterprises, SMEs or private individuals – no one is immune from cyber attacks. Sometimes, even just a simple typo can lead to computer chaos. Let us show you prominent cyber incidents from the past three years.
Link: https://www.funk-gruppe.de/en/risk-fields/new-risks/cyber/prominent-claims/
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
