The consequences of cybercrime, online fraud and email scams can be far-reaching, affecting both finances and peace of mind, according to the Bank of Cyprus (BoC).
The bank noted that cyber fraud, email scams and other online schemes can have consequences that extend far beyond a single incident, with the impact often felt both financially and emotionally, affecting individuals long after the attack occurred.
Financially, victims may face direct monetary losses, unauthorised transactions, or the costs associated with restoring compromised accounts and information. In some cases, recovering from the damage can require significant time and effort.
At the same time, the Bank of Cyprus stressed that equally important is the emotional toll.
Discovering that personal information, savings or sensitive data have been targeted can leave people feeling vulnerable, frustrated and unsettled, while a cyberattack may create stress, anxiety and a sense that personal privacy has been violated.
It is also mentioned that the combined effect of financial loss and emotional strain can affect overall wellbeing and diminish peace of mind, while everyday online activities that once felt routine may suddenly seem less secure.
The bank referred to Cyber Cover from Genikes Insurance, which offers help 24/7 and compensation if an attack occurs.
According to the announcement, when cybercrime strikes, recovering is about more than financial compensation. It is also about restoring confidence and peace of mind.
With Cyber Cover from Genikes Insurance, customers benefit from financial protection against a range of cyber threats, as well as access to a dedicated Cyber Cover Assistance staffed by cyber fraud specialists who can guide them every step of the way.
From the first call through to resolution, expert support is always close at hand, helping customers navigate the incident and move forward with confidence.
Importantly, it is also noted that Cyber Cover Assistance is not only there after a cyber incident has occurred.
If customers are worried about a suspicious email, concerned that they may have been targeted by a scam, or simply unsure whether an online situation is genuine, they can contact the service for expert advice and reassurance.
BoC added that early guidance can often help prevent a problem from becoming a serious incident, mentioning that Cyber Cover can be purchased from the Genikes Insurance website, with the aim of helping customers protect their finances and their digital life.
Click Here For The Original Source.
