How do cyber insurance policies address data restoration costs?

Cyber insurance policies differ in coverage details, but many do include coverage for the cost of restoring lost or compromised data. However, specific conditions must typically be met for this coverage to apply. For example, the policy may require the organization to have implemented certain cybersecurity measures or protocols, such as regular data backups, encryption, and secure network configurations. Additionally, the cause of the data loss or compromise may need to fall within the policy’s covered incidents, such as cyberattacks or data breaches. It’s essential to review the terms and conditions of your specific cyber insurance policy for accurate details on coverage related to lost or compromised data.