Can cyber insurance really protect businesses from financial losses caused by cyberattacks, and how does it ensure resilience against such incidents?
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Questions & Answers Board – CyberSecurity
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Can cyber insurance really protect businesses from financial losses caused by cyberattacks, and how does it ensure resilience against such incidents?
Cyber insurance can indeed help businesses by providing financial protection in the event of a cyberattack. It typically covers costs related to data breaches, business interruptions, legal expenses, and even ransom payments. This type of insurance can help businesses recover from financial losses caused by cyber incidents. In addition to financial protection, cyber insurance often includes access to experts who can help with incident response, forensics, and compliance. By having cyber insurance in place, businesses can improve their resilience against cyberattacks as they have a plan and resources to mitigate the impact of such incidents.