How does cyber insurance cover phishing attacks?

Policies related to cybersecurity typically provide guidance on how to prevent phishing attacks, respond to incidents when they occur, and recover from any resulting damage. These policies may outline procedures for educating employees about phishing awareness, implementing technology solutions such as email filters and user authentication, and establishing incident response plans to contain and mitigate the impact of phishing attacks. In the event of a phishing attack, having well-defined policies in place can help businesses react promptly and effectively, minimizing potential financial losses, data breaches, and reputational damage. By following established protocols, businesses can swiftly recover from phishing attacks by restoring systems, securing compromised accounts, and improving security measures to prevent future incidents.