What specific risks do real estate companies face in the digital landscape, and how can cyber insurance provide tailored protection against these threats?
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What specific risks do real estate companies face in the digital landscape, and how can cyber insurance provide tailored protection against these threats?
Real estate companies face various risks in the digital landscape, including data breaches, ransomware attacks, business email compromise, and social engineering scams. Cyber insurance can offer tailored protection by providing coverage for financial losses, legal expenses, and costs associated with investigating and remedying a cyber incident. It can also help cover expenses related to notifying affected parties, credit monitoring services, and restoring systems and data. Additionally, cyber insurance may include coverage for cyber extortion payments, regulatory fines, and public relations expenses to help real estate companies mitigate the financial impact and reputation damage caused by cyber threats.