Cybercrime can create costs that extend beyond stolen money or compromised data, leaving victims to manage administrative work, repair damage, and regain control of their accounts.
The disruption can also consume time and attention, forcing people to resolve problems that could have been prevented or contained with earlier action.
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The Emotional Impact Of Cybercrime
Bank of Cyprus also highlighted the emotional effects of cybercrime, which can be overlooked when attention focuses on financial losses. Discovering that personal information, savings or confidential data has been targeted can leave victims feeling vulnerable, frustrated and unsettled.
Cyberattacks can trigger stress and anxiety while creating a lasting sense that personal privacy has been compromised. For some victims, that feeling can continue long after the incident, making routine online activities feel less secure.
Recovery Requires More Than Compensation
To address these risks, Bank of Cyprus highlighted Cyber Cover from Genikes Insurance, which combines financial protection with practical support following covered cyber incidents.
According to the announcement, Cyber Cover Assistance provides 24/7 support from cyber fraud specialists who can guide customers through an incident from the initial report to resolution. The service is intended to help customers respond to cybercrime while also addressing the uncertainty and stress that can follow an attack.
Support Is Available Before An Attack
Assistance is also available before an incident occurs. Customers who receive a suspicious email, believe they may be the target of a scam or are unsure whether an online request is legitimate can contact the service for guidance.
Bank of Cyprus said early advice can help prevent a potential threat from developing into a more serious incident. Cyber Cover is available through Genikes Insurance and is designed to provide both financial protection and support in responding to cyber risks.
