Cyber Insurance
Cyber insurance is a policy designed to protect businesses from financial losses resulting from cyberattacks, data breaches, and other cyber-related incidents. Key features include:
- Coverage for Data Breaches: Provides financial support for costs associated with data breaches, including legal fees, notification expenses, and credit monitoring services for affected individuals.
- Business Interruption Protection: Covers losses from operational downtime due to cyber incidents.
- Liability Coverage: Protects against claims made by third parties for damages resulting from data breaches or cyber threats.
Cyber insurance helps organizations mitigate risks and manage the financial impact of cyber incidents.