Cyber Insurance Private: Comprehensive protection against digital dangers for you and your family
17 Apr 2025
7
Minutes
Katrin Straub
CEO at nextsure
Cyber attacks are increasing daily and often catch individuals unprepared. A personal cyber insurance policy offers important protection against financial loss and stress. Learn how to secure your digital world.
The topic in brief and concise terms
A personal cyber insurance policy protects against financial losses from online fraud, identity theft, and data loss, whose frequency is steadily increasing.
Preventive measures such as strong passwords, two-factor authentication, and regular software updates are crucial to minimize the risk of cyberattacks.
In the event of a claim, acting quickly is important: secure evidence, change passwords, inform the bank and police, and utilise the coverage provided by the Cyber Insurance Private.
Digital Threats for Individuals: Understanding the Extent
Cybercrime is a real danger for individuals. In 2023, 67 percent of internet users in Germany were affected. Phishing attacks worldwide increased by nearly 60 percent in 2023. The average damage per incident can quickly amount to several hundred euros. These figures highlight the need for good protection.
Many significantly underestimate the emotional burden following a cyberattack. In addition to financial losses, the loss of trust often weighs heavily. A Cyber Legal Protection Insurance can offer initial help here. The threats are varied and constantly evolving.
Identity Theft: When Strangers Take Over Your Life
Approximately one in ten adults in Germany has already fallen victim to identity theft. Criminals use stolen data for online orders or to open accounts. Watch out for unusual account activity or invoices for unknown orders. These are initial warning signs of potential misuse of your data.
Act immediately if you suspect something. Secure evidence by taking screenshots and change all relevant passwords. Inform your bank and report the incident to the police. Quick protection against identity theft minimises damage. Prevention starts with strong, unique passwords for every service.
The following measures can help in prevention:
Use complex passwords and change them regularly, at least every three months.
Enable two-factor authentication (2FA) wherever possible, this significantly increases security.
Be cautious when sharing personal data, especially on social networks.
Regularly check your account statements and credit card bills for unknown transactions.
These steps help significantly reduce the risk of identity theft.
Online Shopping and Banking: Navigate Dangers Cleverly
Fraud in online shopping causes significant damage annually. Fake shops and phishing emails target your payment data. Be suspicious of extremely cheap offers or if only prepayment is possible.
An online buyer protection insurance provides additional security. Look out for secure connections (HTTPS) and reputable seals of approval. More than 90 percent of successful cyberattacks start with a phishing email. Therefore, be particularly vigilant with emails that request the entry of bank details.
Our expert tip: Use separate accounts or credit cards with a low limit for online payments. This significantly limits potential damage in case of fraud. Additionally, thoroughly check email sender addresses before clicking on links or opening attachments.
Cybermobbing: The Invisible Weapon on the Net
Cyberbullying affects almost two million students in Germany. 61 percent of 14 to 17-year-olds had experiences with it in 2023. The attacks range from insults to the dissemination of private images. The psychological effects on victims are often severe and long-lasting.
Document incidents of bullying through screenshots. Inform platform operators and file a report. A private cyber insurance policy can include psychological first aid and legal protection. The Copyright Act (§ 22 KunstUrhG) and sections such as § 185 StGB (insult) provide legal recourse. Speak openly about the issue to strengthen prevention.
Important steps in dealing with cyberbullying are:
Secure evidence (screenshots, chat histories).
Block the perpetrator and report them to the platform.
Inform trusted individuals (parents, teachers, friends).
In the case of persistent bullying, file a report with the police.
Seek professional help, for example through counselling centres.
These measures help victims to actively defend themselves.
Data loss due to ransomware: How to protect yourself and act correctly
Ransomware encrypts your data and demands a ransom. The cost of professional data recovery after ransomware can be in the four to five-digit euro range. Do not pay the ransom, as there is no guarantee of recovery. Immediately disconnect the internet connection of the affected device if infected.
Regular backups on external, disconnected media are the best protection. Always keep your operating system and antivirus software up to date. The first ransomware appeared as early as the late 1980s. Be vigilant with email attachments and links from unknown senders. A good private cyber insurance policy can cover data recovery costs.
Scope of a Private Cyber Insurance: What's Covered?
A cyber insurance policy for individuals typically covers financial losses due to identity theft. Damages from online shopping fraud are often included as well. Coverage for data recovery after hacker attacks is another crucial element. Many policies also offer initial psychological counselling for cyberbullying incidents.
Pay attention to the maximum compensation per insurance claim. Check if a deductible is agreed upon and how much it is. The scope of services can vary significantly depending on the provider and policy. Compare offers carefully to find the right protection for your needs. Sometimes, specific risks such as those covered by a crypto wallet insurance are also included.
Our expert tip: Check which cyber risks are already covered by existing insurance policies (e.g., home contents, liability) to avoid double insurance and optimise your costs. Consultation with experts like nextsure can provide clarity here.
Costs and selection criteria: Finding the right policy
The cost of personal cyber insurance often starts at just a few euros per month. It depends on factors such as the amount insured and the deductible. Comprehensive coverage for the whole family can be obtained from about ten euros monthly. Compare the benefits carefully, not just the price.
Important selection criteria include:
Amount of coverage for different types of damage (e.g. 15,000 euros for online banking fraud).
Scope of assistance services (e.g. 24/7 hotline, IT forensic experts).
Reimbursement of costs for data recovery and restoration (e.g. up to 5,000 euros).
Inclusion of legal protection in cases of copyright infringement or cyberbullying.
Protection for all household members and their devices, including mobile devices.
A low deductible, such as 100 euros, is often advantageous. Pay attention to clear and understandable contract terms. A Gaming Hardwareversicherung can be beneficial for specific needs. This way, you ensure optimal protection.
Prevention and Recommendations: Staying Safe in the Digital World
More useful links
Polizei-Beratung offers comprehensive information on media literacy and internet safety.
The Verbraucherzentrale provides an emergency checklist for dealing with internet crime.
The Verbraucherzentrale gives guidance on how you might try to reclaim your money after online fraud.
Bitkom publishes a press release with the latest statistics on cybercrime in Germany.
FAQ
What exactly does the Cyber Insurance Private from nextsure offer?
Our private cyber insurance offers comprehensive protection that can be tailored to your individual needs. This typically includes protection against financial losses from online fraud, identity theft, data loss due to hacker attacks, and support for cyberbullying. Contact us for detailed advice.
Are my family members also covered under the Cyber Insurance Private policy?
Yes, in many private cyber insurance policies, partners and children living in the household are covered. The specific conditions may vary depending on the chosen plan. We are happy to advise you on the suitable options for your family.
Does the insurance cover the costs for professional data recovery?
Yes, covering the costs for professional data recovery, such as after a ransomware attack, is often part of a private cyber insurance policy. The amount of cost coverage is specified in the terms of the contract and can amount to several thousand euros.
What should I do in the event of a claim to receive benefits from my Private Cyber Insurance?
Report the damage to your insurance company without delay. Document the incident as detailed as possible (e.g., screenshots, police report). Our experts will then assist you with the next steps and the claims adjustment process.
What preventive measures does nextsure recommend?
We strongly recommend using strong, unique passwords, enabling two-factor authentication, regular software updates, caution with emails and downloads, and a healthy skepticism online. A personal cyber insurance complements these measures perfectly.
Is there a minimum contract term for the private cyber insurance?
The minimum contract term is usually one year. You can find details about notice periods and contract extensions in your individual contract documents. We strive for transparent and fair conditions.
