Can cyber insurance provide financial protection against losses caused by corporate espionage or data theft?
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.
Can cyber insurance provide financial protection against losses caused by corporate espionage or data theft?
Yes, cyber insurance can provide financial protection against losses caused by corporate espionage or data theft. Cyber insurance policies typically cover expenses related to investigating a breach, notifying affected parties, restoring data, repairing systems, and potential legal costs. However, the coverage specifics can vary between insurance providers and policies, so it’s essential for companies to carefully review and understand the terms and conditions of their cyber insurance to ensure they have adequate protection against such risks.