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 […]
Articles Tagged: Cyber Threats
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 […]
Cover for Cyber Extortion and Ransomware under Cyber Insurance
In today’s interconnected global landscape, businesses face a rising and ever-present danger in the form of cyber threats. Among these threats, cyber extortion and ransomware attacks stand out as particularly damaging, with the potential to inflict severe financial losses and harm a company’s reputation. In order to combat these cyber risks, businesses are turning to […]
Are Phishing and Spoofing covered under Cyber Insurance?
Personal Cyber Insurance Policy In today’s technologically advanced era, individuals face a growing risk of cyber threats, such as phishing and spoofing attacks. As these malicious activities continue to develop, individuals are proactively seeking to safeguard measures through personal cyber insurance policies. This article explores whether phishing and spoofing incidents are covered under cyber insurance […]