Can businesses claim insurance for losses caused by data exfiltration or large-scale data theft?
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Can businesses claim insurance for losses caused by data exfiltration or large-scale data theft?
Yes, businesses can often claim insurance for losses caused by data exfiltration or large-scale data theft through cyber insurance policies. These policies can provide coverage for various expenses related to data breaches, such as forensic investigations, legal fees, customer notifications, and potentially even loss of income due to business interruption. It is essential for businesses to review policy details carefully and work closely with their insurance providers to understand the extent of coverage offered for cyber incidents.