Does cyber insurance address risks related to cloud computing services, and how are breaches involving cloud providers handled?
How does cyber insurance address the risks associated with cloud computing services?
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Cyber insurance policies can often be tailored to address risks related to cloud computing services, including data breaches and other cyber security incidents that may occur within a cloud environment. When breaches involve cloud providers, the specific handling will depend on the terms outlined in the service level agreement (SLA) between the company/client and the cloud service provider. In general, breaches involving cloud providers may be handled through a combination of the cloud service provider’s incident response measures, communication with affected parties, potential compensation, and collaboration with the client to address the breach and mitigate its impact.