What is Cyber Insurance?

Cyber Insurance is a type of insurance policy designed to protect businesses from financial losses due to cyberattacks, data breaches, and other cyber-related incidents.

Cyber Insurance covers such costs as legal fees, lost profits, and damages caused by the incident. It can also provide coverage for the cost of restoring systems and data, as well as notifying affected customers and other stakeholders. Cyber Insurance policies can be tailored to the specific needs of a business, and can include coverage for cyber extortion, business interruption, reputation and brand damage, and other losses related to cyber events.