GasanMamo has launched a comprehensive Cyber Insurance product aimed at Maltese businesses, responding to the growing threat of digital attacks and data breaches across all sectors. The new policy is designed to provide financial protection and expert support in the event of cyber incidents, addressing risks that have become increasingly common as companies rely more heavily on online systems, cloud storage, and digital payments. Coverage extends to key areas such as data recovery, business interruption, ransomware response, legal liability, and regulatory costs arising from a breach.
The insurance also includes access to specialist incident response teams who can help contain threats, restore systems, and manage communications if customer data is compromised. GasanMamo highlighted that many local businesses underestimate their exposure to cyber risk, assuming that attacks only target large corporations, when in reality small and medium enterprises are frequent targets due to weaker defenses.
By introducing this product, the company aims to help Maltese businesses build resilience and recover more quickly after an incident, reducing both financial loss and reputational damage. The policy can be tailored to different industries and company sizes, reflecting the varying levels of digital infrastructure and data sensitivity across the market. The launch aligns with wider efforts to raise awareness of cyber security and encourage proactive risk management in Malta’s business community.
