Cyber insurance has emerged as an important tool in a company’s risk management portfolio. It is because of the increasing prevalence of cyber risks. Cyber threats are constantly evolving and can affect the financial framework of any organisation, regardless of size or industry. Organisations must be prepared with appropriate financial resources to manage their cyber […]
Articles Tagged: Cyber Security Policy
Unauthorised Access Cover in Cyber Insurance
In our increasingly interconnected world, businesses face substantial risks from cyber security threats that can jeopardise their digital assets. To protect themselves from potential financial losses, organisations have turned to cyber insurance policies as an essential resource. One of the important features of cyber insurance is unauthorised access cover that provides financial protection against unauthorized […]
Cyber Insurance for BPOs: Protecting Client Data and Confidentiality
Outsourcing business tasks and operations to third parties is a trending strategy of many small and big companies for growth. BPO (Business Process Outsourcing) is a rapidly growing industry with a global market size of $339.3 billion in 2023. Revenue of the BPO industry in India is expected to grow at a compounded annual rate […]
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 […]
India’s cyber laws every organisation should be aware of
The use of electronic systems to store important personal and organizational files increased considerably after privatization in the 1990s. To managed these massive flood of electronic data from individuals, organizations, and the government, India’s cyber laws were formulated. This has proved to be a boon for the industrial sector making the flow of work easier, […]
Cyber insurance: Everything you need to know
Virtual is the new way of life. Individuals and corporations have moved online for even the most basic activities — be it news, entertainment, health, or shopping which has resulted in the increased importance of cyber risk insurance in India. Online modes have also come into the picture for purposes of communication and the exchange […]