Despite their emergence in relatively recent history, cyberattacks are a growing, persistent concern for individuals and businesses alike. Cyber insurance offers financial protection and peace of mind in case of a cyber incident. It can cover various expenses, including:
- Legal fees.
- Data recovery costs.
- Customer notification.
- Reputation management.
The process of becoming insured requires an assessment of your risk exposure and the consideration of the type of coverage that best suits your needs.