O2 introduces cyber insurance offering

O2, the telecommunications brand of Telefonica, is now offering cyber insurance for its business customers in Germany.

Coverage can be obtained online and is designed for companies with annual revenues of up to $30 million. The carrier behind the product is Telefónica Seguros y Reaseguros Compañía Aseguradora, a Telefónica subsidiary.

The new offering is also available through cyber insurance comparison platform Cyberdirekt.

This isn’t a first for Telefónica – the group has a similar cyber insurance offering in Spain.