Insurers will start compensating losses from data leaks

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Insurance companies may begin offering a product to compensate for property and health-related losses, as well as moral damages resulting from personal data breaches, before the end of 2025. This has been reported RBC In the All-Russian Union of Insurers (VUS).

According to Vladimir Novikov, risk director of Sber Insurance and head of the BCC cyber insurance working group, the Federation Council is discussing the possibility of imposing this type of insurance (that is, voluntary, but required for some areas of activity). The ARIA representative noted that the necessity of this insurance is not a matter of debate.

“We are in favor of voluntary insurance, and there is also a dialogue that the information platform or other data owners should have different protection options, such as a bank guarantee,” he said, noting that currently about five insurance companies have expressed interest. We are developing such a product, but this number may go up to 10.

Information about the development of this insurance concept first appeared in October this year. Last week, the project was presented at a roundtable meeting in the Federation Council with the participation of Artem Sheikin, first deputy chairman of the Federation Council Committee on Constitutional Legislation and Statebuilding.

On November 7, the State Duma called for measures to protect citizens from data leaks; primarily more than one increase fines Companies for this violation.

Previously Roskomnadzor recorded Nearly 10 million records related to Russians were leaked in October.

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