Cyber insurance in Spain

Cyber insurance for businesses in Spain: protection against digital risks

The number of cyberattacks on Spanish companies is growing rapidly, causing significant financial and legal consequences.
A cyber insurance provides essential protection against these digital threats.
Whether you are a small business owner or a larger organization: prevention is better than cure.

Increasing cyberattacks on businesses in Spain

In Spain, the number of cyberattacks increases by thousands of reports each year.
Small and medium-sized businesses are especially vulnerable to ransomware, phishing, and data breaches.
Cyber insurance provides protection against financial and operational damage.

What is cyber insurance and what does it cover?

Cyber insurance covers damages from cyber incidents such as hacks, system outages, and data theft.
It often includes coverage for legal costs, reputational damage, and IT system recovery.
This helps businesses recover quickly and avoid fines.

Consequences of a cyberattack without cyber insurance

Without cyber insurance, an attack can lead to prolonged downtime, loss of customer data, and high recovery costs.
The average damage from a cyber incident can reach tens of thousands of euros.
In addition, companies may be held liable under the GDPR legislation.

Cyber insurance for SMEs in Spain

Small and medium-sized businesses are the most frequent victims of cyberattacks. Yet many SMEs do not have proper insurance against digital risks. A cyber policy is affordable and helps prevent major financial damage.

Is cyber insurance mandatory in Spain?

Cyber insurance is not yet legally required in Spain. However, there are strict regulations around data protection (LOPDGDD) and mandatory reporting of data breaches. Having insurance makes compliance easier and limits your liability.

Costs of cyber insurance for businesses

Costs depend on your sector, company size, and type of coverage. Starting from €30 per month, you can protect your business against cyber risks. Preventive services like risk scans and 24/7 support are often included.

How to choose the best cyber insurance in Spain?

Compare insurers based on coverage, customer reviews, and speed of claims handling. Look for extra services such as incident response and IT support. An advisor can help you find the right policy for your business.