Cyber Insurance

Cyber insurance helps businesses and individuals recover from the financial impact of cyberattacks, data breaches, or hacking incidents.

• Example:
  Data Breach Coverage: If a company’s customer data is stolen or exposed in a cyberattack, cyber insurance can cover the cost of notifying affected individuals, offering credit monitoring, and paying fines or penalties. For instance, if a health insurance company has its customer database hacked, cyber insurance may cover the costs of legal fees, communication, and identity theft protection for customers.
  • Business Interruption: If a cyberattack disables a company’s network, business interruption coverage can help cover lost income during the downtime.