Cyber security insurance services launched by Generali

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Cyber security insurance services launched by Generali
Cyber security insurance services launched by Generali

Starting in Europe, Generali’s new cyber security services will be offered globally at the beginning of 2022

A package of cyber security services has been created by Generali, Accenture and Vodafone to help the insurer’s corporate clients to detect, react and recover from cyber threats and incidents.

Including small and medium-sized enterprises, cyber security has been an increasingly critical issue for companies and financial institutions, as attacks have increased in terms of number and impact.

During COVID-19 pandemic, they have increased further as many companies have shifted towards hybrid work models.

The governor of the Bank of Italy in October warned, with cyber-attacks on European banks are increasing by 54 per cent this year, financial institutions were more exposed to such risks and called for greater care in monitoring and managing them.

Starting in Europe, Generali’s new cyber security services will be offered globally at the beginning of 2022.

They include cyber risk assessment, simulations of phishing attacks and learning programmes to strengthen clients’ ability to prevent attacks but also to restore normal operations and minimise the consequences after an attack.

“Technology, consumer needs and cyber risks evolve rapidly, and the insurance industry must accelerate to embrace new digital opportunities and respond to increasing cyber security needs”, Bruno Scaroni, Chief Transformation Officer of Generali said in a statement.

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