EQS News: weprotect: cyan AG and wefox Austria launch first mobile app for integrated cyber and insurance protection with Allianz Partners | 14.08.24

weprotect: cyan AG and wefox Austria launch first mobile app for integrated cyber and insurance protection with Allianz Partners

Munich, August 14, 2024 – cyan AG, a provider of intelligent cybersecurity solutions, and wefox Austria, a leading provider of a SaaS platform for insurance brokers, are launching bundled cyber and insurance protection for customers in Austria for the first time in cooperation with Allianz Partners, a leading provider of assistance and insurance solutions. The common goal is to make everyday digital life safer for people and to provide adequate protection against cyberattacks and the resulting financial losses, both preventively and retrospectively.

As the latest KPMG study “Cybersecurity in Austria” (2023) shows, the number of cyber attacks alone has increased by 201% compared to the previous year.⁽¹⁾ According to the Austrian Federal Criminal Police Office (BKA), more than 70% of all cybercrime cases start with a phishing attack, making it the biggest cyber threat for end users, both in business and private use. The potential damage is enormous. Proven, adequate protection against theft, misuse or loss of data also plays a huge role in the EU General Data Protection Regulation (GDPR).

“Even small inattentions in the daily processing of data, whether opening an unprotected WLAN or clicking on seemingly confidential phishing links, have a direct impact on the risk potential and therefore increase the probability of a cyber attack many times over. Cybercriminals use the latest technologies and there are no limits to their creativity! With weprotect, we have created a solution that serves as an early warning system and intervenes preventively to protect customers,” explains Markus Cserna, Chief Technology Officer (CTO) of cyan AG.

The huge increase in cyber attacks in Austria is striking. 34% of employees have already experienced it and 88% have received suspicious emails.⁽²⁾ “With weprotect, we offer you the most modern security technology in the form of an app as a preventive measure. If something does happen, we offer you insurance cover so that you are protected in the event of damage,” adds Rene Besenbäck, Managing Director of wefox Austria.

weprotect Security App for the best possible protection on the end device
The security app weprotect developed by cyan detects cyber threats in real time and is therefore the digital safety belt for smartphones and mobile devices. It drastically reduces the risk of cyber attacks by protecting the user from phishing attacks, malware, ransomware and other malicious attacks. For example, as soon as a user clicks on a malicious link, the app sends a push warning with a ‘blocking page’. According to cyan’s experts, up to 98 percent of all phishing links can be blocked with weprotect. Should the worst happen, the insurance coverage comes into effect.

wefox insurance concept, if something happens
The insurance concept that wefox Austria has developed and integrated into weprotect is implemented by Allianz Partners. It provides insurance cover for online banking, online shopping and covers damage caused by phishing attacks, identity theft or data loss. In addition, it includes IT support on the end device. This means that users are covered in the event of a claim and have a reliable partner at their side. The amount of the premium depends on the number of devices insured in the weprotect package.

weprotect goes to market
The official market launch of weprotect as “all-in-one cyber protection” is September 3, 2024. weprotect is sold directly via wefox, but also via affiliated brokers or affinity partnerships. wefox acts as a hub between customers, insurance brokers and partners with its wefox service platform.

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About wefox Austria:
wefox serves more than 183,000 customers throughout Austria via the wefox (AT) broker service portal, which brings together insurance companies, sales partners and customers with easy access to advice and digital insurance solutions. More than 260 regional partners and 605 insurance experts already use fully digitalized processes and training for their own employees. The successful business development underlines the importance of wefox in Austria as a stable and healthy growing company within the wefox Group. The wefox team in Austria is represented by more than 30 employees in Vienna and Amstetten. Sustainable growth and profitability are the clear focus of the wefox Austria management team Rene Besenbäck (Country Head) and Lukas Lindenhofer. More information at: www.wefox.at

Press contact wefox Austria
Isabella McGarry
Team Leader Marketing, wefox AT
Phone: 0676 85294936
Email address: [email protected]

public affairs SCHMIED
Monika Schmied, MBA
Telephone: 0676 67 000 22
Email address: [email protected]

About cyan:
cyan AG (XETR: CYR) is a provider of intelligent cybersecurity solutions with more than 15 years of experience in the IT industry. The company offers IT security products for end customers of mobile and fixed network internet providers and financial services providers. cyan’s solutions are integrated as white label products into the apps and system landscape of international business partners, who then offer them under their own brand to private and business customers.

In addition, cyan has its own research and development center with the aim of identifying trends in the sector at an early stage and developing optimal product solutions. cyan’s customers include the Orange Group, the telecommunications group Deutsche Telekom (Magenta/T-Mobile), Claro Chile (América Móvil Group) and dtac (Telenor Group).

For more information, visit: www.cyansecurity.com.

cyan AG Investor Relations:
cyan AG
Phone: +49 89 71042 2073
Email address: [email protected]

cyan AG Press contact:
Kirchhoff Consult GmbH
Phone: +49 40 60 91 86 65
Email address: [email protected]

About Allianz Partners:
Allianz Partners is a leading global provider of B2B2C insurance and assistance services, providing global solutions in travel, health, mobility and home. Our innovative experts are customer-centric and are redefining insurance services by delivering future-proof, high-tech, high-touch solutions that go beyond traditional insurance. Our products are seamlessly embedded in our partners’ businesses and sold through intermediary channels or directly to customers through the Allianz brand. Our 21,900 employees are present in over 75 countries, speak 70 languages, handle over 72.5 million cases annually and are motivated to go the extra mile to bring peace of mind to our customers around the world.

The Vienna branch employs over 200 employees who are available 24/7 to assist customers in 13 languages, including German and English.

More information about Allianz Partners can be found here: www.allianz-partners.at.

Media contact Allianz Partners Österreich:
Sabine Forsthuber
Communication
Phone: +43 664 80653131
Email address: [email protected]

⁽¹⁾ Cybersecurity in Österreich, KPMG, 03.05.2023
⁽²⁾ Employee Cybersecurity Survey, EY, 17.10.2023