Understanding Cyber Insurance
Due to the high financial losses that have come as a result of cyber-attacks, companies have started seeking cyber insurance policies to protect their services and data. Cyber insurance, also called cyber liability insurance, can provide coverage for an organization to protect them from liability for the damages that result from a cyber-attack including corruption of data, lawsuits brought by individuals affected by the breach, and ransomware requests among other things. Cyber insurance providers can work with companies to notify customers affected by the breach, assist them with securing their data, and provide financial compensation to those affected as needed. … Read more »