Can cyber insurance protect businesses from losses caused by business email compromise, such as unauthorized financial transfers?
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Can cyber insurance protect businesses from losses caused by business email compromise, such as unauthorized financial transfers?
Yes, cyber insurance can help protect businesses from losses caused by business email compromise, including unauthorized financial transfers. Cyber insurance policies typically include coverage for various cyber-related risks, including business email compromise (BEC) incidents. It can help businesses recover financial losses, legal expenses, and other costs associated with cyber incidents like BEC. It’s important for businesses to review their cyber insurance policies carefully to understand the extent of coverage they provide for different types of cyber threats.