Are fines and penalties for regulatory violations covered by cyber insurance policies, or are they typically excluded?
Share
Questions & Answers Board – CyberSecurity
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Are fines and penalties for regulatory violations covered by cyber insurance policies, or are they typically excluded?
Fines and penalties for regulatory violations are typically excluded from standard cyber insurance policies. These policies usually focus on providing coverage for specific losses related to data breaches, cyberattacks, and related expenses. Fines and penalties resulting from non-compliance with regulations are generally the responsibility of the insured organization and are not covered by cyber insurance policies.