How does cyber insurance help businesses protect against cyber espionage, including theft of sensitive information by state or corporate actors?
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Cyber insurance helps businesses protect against cyber espionage, including theft of sensitive information by state or corporate actors, by providing coverage for financial losses due to data breaches, theft of proprietary information, legal fees, and costs associated with investigating and addressing cyber incidents. It can also help with crisis management and reputation protection in the event of a cyberattack. Additionally, cyber insurance policies often include access to expert guidance and resources to help prevent cyber incidents and respond effectively if they occur.