How can cyber insurance help mitigate losses from phishing attacks?

Cyber insurance can help organizations mitigate financial and operational losses caused by phishing attacks by providing coverage for costs related to investigating the attack, recovering data, reimbursing financial losses, legal fees, and expenses related to public relations efforts to manage the aftermath of the attack. It can also offer coverage for potential lawsuits, regulatory fines, and other financial impacts resulting from the phishing attack. Additionally, cyber insurance policies often provide resources such as cybersecurity experts and incident response teams to help organizations respond effectively to phishing attacks and minimize their impact.