New Delhi, April 30 -- Understanding Cyber Insurance
Cyber insurance, also known as cyber liability insurance or cyber risk insurance, is a specialized insurance product crafted to shield businesses from financial losses and liabilities stemming from cyber threats. It offers coverage for a spectrum of cyber risks, encompassing data breaches, network security failures, ransom ware attacks, and other malicious activities.
The Need for Cyber Insurance in India
India, with its rapidly expanding digital infrastructure and burgeoning e-commerce ecosystem, is witnessing a significant surge in cyber threats. From large corporations to small and medium enterprises (SMEs), entities across various sec tors are susceptible to cyber-attacks. Accordin...