What are the considerations for educational institutions regarding cyber insurance?

Educational institutions face special risks related to cyber threats such as data breaches, ransomware attacks, phishing scams, and unauthorized access to sensitive student and faculty data. Cyber insurance can help protect this data by providing coverage for financial losses, legal expenses, and mitigating the impact of a cyber incident. It can help educational institutions recover from such attacks by covering costs associated with data restoration, notification of affected parties, and implementing cybersecurity measures to prevent future breaches.