5 essential cyber insurance questions
It’s no secret that ransomware is rampant, affecting all industries, both private and public sector. While many businesses already have cyber insurance, interest has spiked more broadly given the considerable chance of attack.
What is cyber insurance?
Cyber insurance is an insurance policy that provides financial protection against losses resulting from cyberattacks, data breaches, and other cyber-related incidents. It may cover costs related to lost income, legal fees, data recovery fees, and the cost of hiring a public relations firm to help with damage control to a company’s brand.