Cyber Crime Insurance

Cyber crime insurance, also known as cyber insurance or cyber liability insurance, is a specialized form of insurance coverage designed to protect businesses and individuals from financial losses and liabilities resulting from cyber attacks and data breaches. As the frequency and severity of cyber attacks continue to rise, cyber crime insurance has become increasingly important for businesses of all sizes and industries. This type of insurance typically covers a range of expenses associated with cyber incidents, including costs related to data recovery, legal fees, regulatory fines, and notification of affected individuals. Additionally, cyber crime insurance may provide coverage for business interruption losses and extortion payments to cyber criminals. By investing in cyber crime insurance, businesses can mitigate the financial risks associated with cyber threats and safeguard their operations and reputation.