Cyber liability insurance coverage applies to financial losses resulting from cybersecurity events, such as data breaches. Insurers offering cyber coverage provide policies that vary greatly, but most of them offer the following coverage: First-party coverage— the insurer pays the organization’s ...
Any size business with cyber insurance knows what they do and do not need. How do they know? Let Backblaze help you.
Cyber insurance is a type of commercial coverage that protects businesses from financial losses caused by data breaches and other types of cyberattacks. It covers computer-related risks that aren’t covered by yourgeneral liabilityorcommercial property insurance. If your business uses computers to send...
However, certain business types or activities increase the need for a cyber insurance policy: Organizations using any online or offline computer system to handle sensitive customer data (such as names, addresses, health information, credit card data and Social Security numbers) should strongly ...
cash payments for those already enrolled with a credit monitoring service, reimbursement for time or money spent on recovering from identity theft and free identity restoration services. A cyber insurance policy could have paid for part of the cost of Equifax's settlement, assuming the ...
As the cyber insurance market is expanding and cyber insurance policies continue to mature, the potential of including pre-incident and post-incident servi
Some of the most common types of cyberthreats include Malware Ransomware Phishing Credential theft and abuse Insider threats AI attacks Cryptojacking Distributed denial of service (DDoS) Malware Malware, short for "malicious software", is any software code or computer program that is intentionally writ...
The totality of our experience across thevarioustypes of traditional and non-traditional cyber (re)insurance means we have a huge amount of historical claim frequency and severity data that we can leverage to create effective risk management strategies for our clients. ...
As a new type of insurance service, cybersecurity insurance will improve enterprises' ability to cope with cybersecurity issues, thus promoting the digital transformation of the country's small and medium-sized enterprises. The country will further improve the supporting policies and regulations, promot...
Learn about personal cyber insurance, including what it covers and who may need it. Get a cyber insurance quote today to help protect you and your household.