How can cyber insurance help businesses manage the financial fallout of ransomware attacks and support their recovery efforts?
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Cyber insurance can help businesses manage the financial fallout of ransomware attacks by providing coverage for losses related to ransom payments, data recovery, legal and forensic services, and business interruption. It can also help support their recovery efforts by offering resources and expertise to navigate the aftermath of an attack, such as incident response teams, crisis communication support, and resources to enhance cybersecurity measures to prevent future incidents.