To help the insurer’s corporate clients to detect, react and recover from cyber security threats and incidents, Generali has introduced corporate cyber insurance to help the insurer’s corporate clients.
A cyber security package have been created by Generali, Accenture, and Vodafone, to help the insurer’s corporate clients in detecting, reacting, and recovering from cyber security threats and incidents.
As cyberattacks have grown in numbers and impact, cyber security has become a more crucial concern for organizations and financial institutions, including small and medium-sized enterprises.
During the COVID-19 pandemic, as several organizations have resorted to hybrid work models, the cyber threats has increased even further.
In October, the governor of the Bank of Italy cautioned that financial institutions were more vulnerable to such risks, citing a 54 percent increase in cyber attacks on European banks this year, and urged greater caution in monitoring and managing them.
Generali’s new services will be available worldwide commencing in Europe in early 2022.
They include cyber risk assessments, phishing attack simulations, and training programmes to strengthen clients’ abilities to not only prevent attacks, but also to restore regular operations and minimize the impact of an attack.
Generali Group Chief Transformation Officer Bruno Scaroni said in a statement, “Technology, consumer needs and cyber risks evolve rapidly, and the insurance industry must accelerate to embrace new digital opportunities and respond to increasing cybersecurity needs,”