What is cyber insurance? Know benefits, features and more
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What is cyber insurance?
A cyber insurance policy is a crucial risk management tool that assists organizations in covering financial losses resulting from cyberattacks or data breaches.
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Benefits and importance:
Cyber insurance shields against financial losses from cyber threats.
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Covers costs associated with data breaches and customer notification
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Assists in legal expenses related to cyber incidents
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Provides coverage for revenue loss due to cyber disruptions
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Offers proactive risk assessment and management guidance
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Aids in managing reputation damage resulting from a cyber incident