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Cyber insurance policy

“Cyber Insurance Policy” covers financial losses and liabilities resulting from cyber threats and attacks. This policy typically includes protection against data breaches, hacking incidents, and other forms of cybercrime. It is designed for businesses and organizations to mitigate the risks associated with online operations and digital data management.

Coverage often encompasses expenses related to data recovery, legal fees, notification costs to affected individuals, and reputational damage. The policy may also address business interruption losses due to cyber incidents. By securing a cyber insurance policy, entities can better manage the financial impact of cyber risks and ensure they have resources to respond effectively to such events. This type of insurance is crucial in today’s digital landscape, where cyber threats are prevalent and evolving rapidly.