Thought About Cyber Insurance?

Here we take a look at cyber security, why you may decide you need it, how much it costs, and where to get it. 

What Is Cyber Insurance? 

Cyber insurance is a type of insurance policy designed to protect businesses and individuals from internet-based risks, and more generally from risks relating to IT infrastructure and activities. It provides coverage for financial losses that result from cyber incidents such as data breaches, network damage, and cyber extortion. For example, businesses may face costs resulting from data/security breaches, media content liability (e.g. intellectual property infringement), GDPR defence costs or paying GDPR fines, credit/debit card breaches, data breach response services, data breach notification, legal fees, system repairs, and more.