Financial protection against fraud and cybercrime

If your trust is damaged – Euler Hermes compensates!

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Compensation for betrayed trust

Cybercrime and hacker attacks are increasingly posing a threat to Swiss companies. Those who rely solely on the security of their IT systems and antivirus software can be badly surprised. Every year, thousands of fidelity claims are registered. Cases in which external third parties as well as employees deliberately damage companies – often with considerable financial consequences. But trust in one's own employees is also sometimes abused. Whether spying on internal company information or manipulating data, embezzling assets, targeted sabotage or targeted malware, the risks are numerous.


Whether SMEs or large corporations: Social engineering and cybercrime are omnipresent corporate risks.


of the Swiss companies report that they were affected by white-collar crime.


see cybercrime as the biggest risk in the next 24 months.


of Swiss companies assume that they will either significantly increase (6%), increase (25%) or maintain (61%) the means of combating white-collar crime.

Figures result from the global white-collar crime survey conducted by PwC in 2018.


Comprehensive insurance cover against hacker damage and social engineering

Euler Hermes' fidelity insurance offers you comprehensive protection against fraud and cybercrime. It covers not only financial losses caused by criminal acts committed by employees and other trusted third parties, but also losses caused by third parties in the form of robbery, theft or, more recently, sophisticated forms of social engineering fraud. In addition, there is cybercrime such as unauthorized access to your IT systems or to external data centers such as cloud service providers, as well as the interception of data from network lines.



With our fidelity insurance you can protect yourself comprehensively against financial losses due to social engineering, fraud and cybercrime – whether you are a small business or a large corporation.

Euler Hermes insures the following:

Hacker attacks

Financial protection against hacker damage caused by third-party interventions in your IT such as cloud computing (interventions in your cloud) or man-in-the-middle attacks.

Social Engineering attacks

Financial protection against social engineering attacks such as fake president fraud, fake identity fraud, diversion of payment flows, pharming and phishing.


Financial losses are covered by criminal acts committed by employees, external personnel, temporary workers or external service providers.

Loss Examples

These loss examples are anonymous, but are based on true events.



Cyber criminals penetrate the network of XYZ GmbH via malware, which an employee of XYZ GmbH has received by means of a fictitious e-mail attachment and then opened. Thus, they can spy out all important data and logins over a longer period of time. One evening, the fraudsters order two payments on behalf of the company: one in the amount of 340,000 francs via their bank and another in the amount of 220,000 francs via another bank. The funds could no longer be traced despite extensive tracking involving external specialists.

CHF 560,000.00 Loss due to transfer to fraudster
CHF 100,000.00 External legal costs
CHF 660'000.00 Total damage


The company Watt GmbH produces power generators. Months ago an alleged purchasing manager of the company Volt-Offshore contacted the company by mail. The alleged purchasing manager Rolf R. asked Watt GmbH for information about new products. He then sent a list of products that Volt-Offshore wanted to purchase. Watt GmbH then sends an offer of CHF 217,000, which the purchasing manager accepts and places the order. According to the agreement, the goods are to be paid for on account. As agreed, the goods are unloaded in Brussels. A payment of the orderer remains however outstanding. There will be no response to repeated reminders. It turns out that the e-mail addresses are forged. The suspicion that the products were not ordered by Volt-Offshore is confirmed by the group headquarters. The company Watt GmbH has fallen victim to fraudsters.

CHF 217,000 in bad debts for the delivered products, which disappeared without trace after delivery in Brussels.



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