November 5, 2025
Cyber or loss of trust — who covers what?
From 05.08., you can specifically choose in the system whether confidence loss insurance (VSV) should be taken out in addition to cyber insurance. If the VSV is added, the social engineering component of cyber coverage will be omitted — in return, you will receive a 10% discount on the cyber contribution. The VSV comes on top and offers comprehensive protection against financial losses due to deception or fraud. Both contributions are shown separately in the system — for full transparency and easy calculation.
What sounds similar at first glance actually protects against very different risks. Our new bundle combines both — with a clear focus on individual security needs.
Cyber insurance takes effect when external attackers paralyze IT systems, seize data or demand a ransom. Classic cases include phishing, ransomware, compromised email accounts, or security gaps in the infrastructure. It covers damage such as IT forensics, business interruptions or recovery costs — in short: everything that results from technical attacks from outside.
Trust loss insurance steps in when internal perpetrators — such as employees, managers or related service providers — abuse trust. Examples: An employee manipulates bank details to divert money. Or in purchasing, invoices are approved for services never provided. Here, the VSV protects against financial losses due to deception, fraud or embezzlement.
Cyber insurance and VSV are not mutually exclusive, they complement each other. This is because modern attacks are often complex: An external hacker compromises an email — but the damage only occurs when an employee falls for the trap. The right coverage depends on who acts and how the damage is caused.
In short:
Doubly secure with Baobab: Our cyber insurance protects against external attacks — our loss of trust insurance protects against internal fraud cases. Both products with clear conditions, high insurance amounts and easy application.
