Cyber Insurance in Cyprus
According to the Digital Security Authority, 46% of Cyprus businesses experienced a cyber incident last year. One breach can cost more than your annual revenue. We build custom cyber cover that fits your specific risks.
NIS2 is now law in Cyprus, affecting approximately 700 organisations. GDPR fines can reach 4% of your global turnover. Cyber insurance helps you manage that exposure.
Why DigiCare
Why businesses trust DigiCare for cyber insurance
Tailored Cover
Every policy is built around your business. We look at your data, your systems, and your actual risks before we recommend anything. Cookie-cutter policies don't work for cyber.
Expert Guidance
Cyber insurance policies run 30 to 40 pages of legal language. We break it down for you. Every clause, every exclusion, every limit, explained in plain English so you know exactly what you're buying.
Multiple Insurers
We're an independent broker. That means we compare cyber insurance options from several licensed insurers and find the one that actually fits your situation. You're not locked into a single provider.
3-Language Support
We speak English, Russian, and Greek. Every document, every call, in your language.
What does cyber insurance actually cover?
Cyber insurance protects your business from the financial fallout of cyber attacks, data breaches, and digital fraud. It splits into two parts: covering your own losses and covering your liability to others.
First-Party Coverage: Your Own Losses
Incident response: emergency IT forensics, legal advice, and 24/7 breach support from day one
Business interruption: lost income while your systems are down after a cyber event
Ransomware: negotiation costs and ransom payments when attackers lock your data
Data restoration: getting your systems back to where they were before the attack
Reputation management: customer notification, PR support, and goodwill restoration
Third-Party Coverage: Liability to Others
Privacy lawsuits: legal defence and settlements when affected individuals sue
Regulatory defence: costs of defending GDPR investigations and responding to the Data Protection Commissioner
Notification costs: mandatory breach notification expenses under GDPR
Digital media liability: claims related to your online content and intellectual property
Which Cyprus businesses need cyber insurance?
Any business that stores customer data, processes payments online, or depends on digital systems to operate. But some industries face higher risk than others.
Tech & IT Services
Highest cyber exposure of any sector. Your international clients often require proof of cyber cover before signing contracts. A breach doesn't just cost you money; it costs you clients.
Financial Services & Fintech
CySEC-regulated firms and NIS2 essential entities. You handle sensitive financial data every day. The regulatory pressure alone makes cyber insurance a practical necessity.
Professional Services
Lawyers, accountants, and consultants hold confidential client information. Your reputation is built on trust. One data leak can undo years of relationship building.
E-commerce & Retail
You process card payments and store customer databases. PCI-DSS compliance helps, but it doesn't protect you when a breach happens. Cyber insurance picks up where compliance stops.
Healthcare
Patient records are among the most sensitive data categories. GESY integration means your systems connect to national health infrastructure. NIS2 classifies healthcare as an essential sector.
NIS2 and GDPR: why cyber insurance matters right now
GDPR
- Fines up to €20 million or 4% of global annual turnover
- €1.7 million in fines issued in Cyprus since 2018
- Criminal sanctions: up to 5 years imprisonment and €50,000 fine
- Enforced by the Commissioner for the Protection of Personal Data
NIS2 Directive
- Now law in Cyprus since April 2025
- Over 700 organisations affected (up from 70 under the previous directive)
- Fines up to €10 million or 2% of turnover for essential entities
- Fines up to €7 million or 1.4% of turnover for important entities
Cyber insurance is not legally mandatory in Cyprus. But these regulations create financial exposure that most businesses simply cannot absorb on their own. A single data breach can trigger a regulatory investigation, customer lawsuits, and weeks of business interruption all at once. Cyber insurance covers the defence costs, forensic investigations, customer notification expenses, and business losses that come with a breach. It turns an unpredictable catastrophe into a manageable cost.
What cyber insurance doesn't cover
We believe in being upfront. Here are the things a standard cyber policy won't cover, so you know exactly where the boundaries are.
Social engineering and funds transfer fraud: often excluded by default, though some policies allow you to add a specific sub-limit. Otherwise, it falls under Crime Insurance.
Professional errors and bad advice: that's what Professional Indemnity Insurance is for
Bodily injury and property damage: covered by Public Liability Insurance
Intentional acts: if the insured deliberately causes or allows a breach, there's no cover
Pre-existing breaches: anything you knew about before the policy started
War and state-sponsored attacks: a standard market exclusion across all insurers
GDPR fines by default: most Cyprus policies exclude regulatory fines unless you specifically add that cover as an endorsement
Need Professional Indemnity or Public Liability too? We bundle business insurance policies so you get complete protection with one broker and one renewal date.
HOW IT WORKS
How to get cyber insurance through DigiCare
Tell us about your business
Share your industry, the types of data you handle, your employee count, and your IT setup through our consultation form. Takes about 2 minutes.
We build your cover
We assess your risk profile and compare options from our panel of cyber insurers. You get a recommendation built around your specific business, not a one-size-fits-all quote.
Get protected
Review your policy with us, ask any questions, and activate your cover. We handle all the paperwork and send your certificate by email.
Cyber insurance vs professional indemnity vs public liability
These three policies protect against different risks. Most businesses that need cyber insurance also need at least one of the other two.
| Cyber Insurance | Professional Indemnity | Public Liability | |
|---|---|---|---|
| Protects against | Cyber attacks, data breaches, ransomware | Professional errors, negligence, bad advice | Third-party injury, property damage |
| Required by law? | No, but practically essential | Depends on profession | No, but strongly recommended |
| Example claim | Ransomware shuts down your operations for a week | Wrong advice causes a client financial loss | A customer slips and falls in your office |
| Best for | Any business with digital data or online systems | Consultants, lawyers, accountants, architects | Any business with public-facing premises |
DigiCare bundles all three for comprehensive business protection. One broker, one renewal date, and simpler policy management across the board.
Get a Combined Business Insurance QuoteFAQ
Frequently asked questions
Your business is digital. Your insurance should be too.
Cyber threats don't follow a schedule. Whether you run a tech startup in Limassol or a law firm in Nicosia, your data is your liability. Let us build the right cover for your business. No templates, no generic quotes, just a policy that matches your actual risk profile.