Cyber insurance is crucial for modern business but coverage has limits

It provides financial protection and access to critical resources, such as expert legal counsel and incident response teams

In today’s digital age, where businesses and individuals increasingly rely on technology, cyber insurance has become a vital tool to protect against financial losses and reputational damage. However, companies must understand the various facets of cyber insurance in order to effectively leverage it.
 

Cyber insurance coverage varies, depending upon industry and requirement. It typically covers business losses, including those for breach, interruption, recovery, forensic, cyber extortion and third-party cost (for damages suffered by parties outside business) covering regulatory and legal liability, intellectual property right infringement, multimedia liability, disclosure liability, and reputational liability.
 

Such insurance policies offer coverage