Understanding the Need for Cyber Insurance
Cyber Liability Insurance
A proper cyber liability and data theft insurance policy would include the following protections:
- Providing a response team to assist the business after an incident (including a forensic specialist to locate the site of the breach, the suspected malware, or the independent cause of the loss)
- Paying the costs necessary to recover the lost data, including paying the ransom demanded for the return of the data, if necessary
- Providing the logistical support and cost reimbursement for the required customer and credit bureau notifications (and identity theft protections)
- Reimbursing the costs associated with the interruption suffered by your business while dealing with the breach.
Review Your Insurance Coverage
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