Cyber insurance can provides protection for both businesses and individuals from financial losses caused by cyberattacks, data breaches, and other cyber threats.

This coverage can include:

• Data breach response costs: Expenses incurred to investigate and respond to a data breach, such as legal fees, public relations costs, and credit monitoring services for affected individuals.
• Business interruption: Lost income and expenses if your business is unable to operate due to a cyberattack.
• Cyber extortion: Ransom payments demanded by cybercriminals in exchange for restoring access to stolen data or systems.
• Electronic data theft: Losses resulting from the theft of sensitive data, such as customer information or financial records.
• Network damage: Costs to repair or replace damaged network equipment or software.