The Significantly Increasing Need for Cyber Insurance
Cyber Insurance is a type of insurance designed to protect companies & individuals against the wide range of risks & threats associated with the digital business environment. With the rise of the internet as a vital business tool, criminals are increasingly targeting organizations using more sophisticated techniques. Cyber Insurance provides vital support for the costs of items like Reputation and Crisis Management, Forensic Investigations, Network Restoration, Ransom Payments, Legal Fees, and even regulatory fines. Cyber insurance is an insurance product used for protecting businesses from risks associated with internet connectivity and information technology infrastructure & activities. It covers business liability for a data breach, including critical customer information, like credit cards, social security numbers, account numbers, driver's licenses, & health records. Moreover, it also provides coverage against extortion, theft, and data destruction. The...