What is Cyber Insurance?
Cyber Insurance is a type of insurance that covers losses related to cyber-attacks, data breaches, and other IT related risks. It is designed to protect businesses and individuals from the inherent risks of operating online. Cyber Insurance provides financial protection for a range of losses that can occur as a result of a cyber-attack, including loss of data, destruction of hardware, business interruption, and reputational damage. The definition and meaning of Cyber Insurance is clear: it is a type of insurance that provides financial protection from the risks associated with operating online and using digital technology.