Cyber Security Insurance
Cyber Security Insurance covers direct loss, legal liability, and consequential loss resulting from cyber security breaches. It helps commercial establishments to focus on rebuilding and restoring their customers confidence without worrying about the data breach-related expenses.
What is covered in a Cyber Security Insurance
- E theft or E Communication Loss – Diverted funds coverage due to a phishing attack
- Business interruption or loss of revenue resulting due to a cyber-attack
- Costs related to the management of an incident: Legal and forensic services to find the breach and contain the same.
- Cyber Threat or Extortion — Ransomware settlement including cost of professional negotiator.
- Disclosure Liability, including customer claims due to system security failures resulting in unauthorized access to or dissemination of private information on the Internet.
