The policy includes protection for businesses against the economic and legal consequences of potential cyberattacks and provides policyholders with cybersecurity specialists and specialized attorneys in the event of such an incident.

Telefónica Seguros has signed an agreement with Kovr Seguradora to market cybersecurity-related insurance in Brazil, targeting SMEs, the company announced in a statement.

"Both companies seek to provide coverage to a market segment that, like large corporations, faces risks arising from cyberattacks that can paralyze activity, damage the company's reputation, and even jeopardize business continuity," he explained.

The policy includes protection for businesses against the economic and legal consequences of potential cyberattacks and provides policyholders with cybersecurity specialists and specialized attorneys in the event of such an incident.

"Cybercrime has become the crime with the highest year-over-year growth. It is essential that companies become aware of the real danger posed by cybercrime and the importance of having insurance that protects and supports them through the process that necessarily ensues after becoming a victim of a cyber incident," emphasized Amaia Ayerdi, Director of Business Development, Operations, and Systems at Telefónica Seguros.