Are incidents involving third-party service provider breaches covered by cyber insurance, and how are such claims handled?
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Are incidents involving third-party service provider breaches covered by cyber insurance, and how are such claims handled?
Cyber insurance policies typically cover incidents involving third-party service provider breaches. When a breach occurs due to a third-party service provider, the affected organization can file a claim with their cyber insurance provider for coverage. The insurance company will investigate the claim, assess the damages, and work with the policyholder to handle the claim according to the terms outlined in the policy. The specifics of coverage and claims handling can vary depending on the individual policy terms and conditions.