What Does Cyber Insurance Mean?
Cyber insurance is a form of insurance for businesses and individuals against internet-based risks. The most common risk that is insured against is data breaches. Cyber insurance typically includes indemnification from lawsuits related to data breaches, such as errors and omissions. It also covers losses from network security breaches, theft of intellectual property and loss of privacy.
Techopedia Explains Cyber Insurance
Several high-profile data breaches have prompted some insurance companies to offer cyber insurance policies to protect customers from the effects of network threats, such as data breaches.
