Cyber Insurance

Cyber insurance is an insurance policy that protects businesses and also individuals from Internet-based risks. It also covers general risks relating to information technology infrastructure and activities. Cyber insurance provides a very smooth mechanism for recovery from major losses, it helps businesses to return to back to normal and reduces the need for government assistance or intervention. Cyber insurance was created due to the risk of threats that include distributed denial of service attacks, intrusions of any kind, hacking, eavesdropping, worms, phishing, viruses, and spams. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction or extortion, hacking or theft as well as the denial of service attacks, including liability coverage indemnifying companies for losses to others caused.