Cyber Insurance

Cyber insurance protects organizations from the costs incurred when recovering from a cyber-related security breach or similar event. The International Monetary Fund (IMF) reports that cyber attacks have more than doubled since the COVID-19 pandemic, so cyber insurance is becoming a necessity for many organizations. 

Depending on the coverage options selected, a cyber insurance policy can cover costs related to first—and third-party damages, including notification costs, credit monitoring, legal fees, and fines or penalties.