Cyber Security Insurance

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1. Cyber Security Insurance reduces the risks associated with potential cyber security threats and assists in recovery efforts in the event of a cyber security attack to minimise damages suffered.

(Source: Business Continuity Management Institute - BCM Institute)

 

2. Cybersecurity insurance—sometimes referred to as cyber liability or data-breach liability insurance—is a type of standalone coverage. It helps companies recover from data loss owing to a security breach or other cyber event, such as a network outage or service interruption.
Source: (Brown, 2016)

3. Cyber Security Insurance can protect you from internet-based risk, and damages from the result of breached security or release of protected information.
Source: (Oegema, 2015)