Cyber Risk Insurance – Advantages and Limitations Companies can acquire Cyber Security Insurance to mitigate fiscal harm from data infractions, cyber assaults, and other accompanying occurrences. It covers any reimbursements or compensations from such incidences in addition to fees from defending court cases in connection to them. This solution provides multiple profits for companies looking […]
Articles Tagged: cyber risk insurance
Cyber Risk Insurance Claims in the Cloud Era: Key Insights
In the recent period, swiftly increasing technology has completely revolutionised how we navigate through our day-to-day lives on the web. This has concomitantly led to a significant surge in cyber-attacks and associated security risks. It is therefore pushing businesses to safeguard themselves from possible financial damage. Cyber risk insurance provides remuneration for data compilations that […]
Understanding Cyber Fraud Insurance Claim Denials: Tips for Policyholders
In an age where cyber threats loom large, Cyber Liability Insurance has emerged as a shield against the potentially devastating financial consequences of a cyber-attack. As online frauds in India and around the world continue to rise, individuals and businesses are increasingly turning to cyber insurance policies to safeguard their assets. However, navigating the intricacies of cyber-crime insurance coverage can be […]
Exploring Common Types of Cyber-crime and How Cyber Insurance Responds
In this tech-savvy world, cybercrime is on the rise, haunting everyone from individuals to organisations! Watch out, because technology is becoming a part of every corner of our lives, and the risk of cyber-attacks has gone off the charts! Be cautious and protect yourself from cyber threats! In this article, we will explore common cybercrimes […]
What are the important features of a Personal Cyber Insurance Policy? – Infographic
In our increasingly digital world, safeguarding your digital life is paramount. Welcome to our infographic guide on the crucial features of a Personal Cyber Insurance Policy or cyber risk insurance. We’ll explore the essentials you need to protect your online presence and financial assets. From data breach coverage to cyber extortion protection, let’s navigate the […]
Cyber Insurance: A game-changer?
Cyber insurance is a new product in the market but it has proved to be essential for businesses in a country like India that prides itself as a software exporter. More and more companies are taking Cyber Insurance against cyber crimes occurring now a days. This insurance has become a necessity due to the growing […]
What are the different types of losses covered by cyber risk insurance?
Cyber insurance and types of losses coverages Cyber insurance covers losses relating to damage or loss of information from an establishment’s systems and networks. These policies include all kinds of assistance in managing such incidents. So, it is essential to understand if the policy covers only first-party risks or those associated with the third-party too. […]
Types of cyber risks modern Indian businesses face
Types of cyber risks modern Indian businesses face : 2014, Gujarat Deepak Nitrate, a listed company in BSE with a net worth of around Rs 1,500 crore, fails to get payment for a consignment sent to a client in the US. Upon inquiry, it turns out they had deposited the money in a new account […]
What are the common exclusions of cyber risk insurance?
The uptake of cyber insurance policies has grown rapidly due to the constant threat of hacking and cyber-attacks on an organization’s database. Those buying and claiming the cyber policy should know what it covers. Assessing the common exclusions of Cyber Insurance is difficult as it is relatively new. Common exclusions in cyber risk insurance The […]
Why a cyber insurance plan is a must-have?
Cyber crime is an escalating threat in today’s interconnected world. With the increasing reliance on the internet, individuals, businesses, and governments face significant risks. Cyber criminals exploit vulnerabilities in digital systems to steal sensitive data, commit financial fraud, conduct identity theft, and disrupt critical infrastructure. Hence, it’s important that apart from following digital best practices […]