4/20/24
What is Cyber Insurance?
• AKA “cyber liability insurance” • May provide financial protections and/or resources to policy holders in the event of cyber attacks, data breaches and other technology related risks • Types of coverage are critical
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Types of coverage:
First-Party Coverage focuses on your organization’s data, including customer and employee information. Look for coverage that (at least) includes: • Investigation fees • legal obligations • Recovery/replacement of data • Communication with customers and PR • Lost income and money lost to extortion and fraud • Crisis management • Fees, fines and penalties
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