Cyber Insurance

Definition

Cyber insurance is a specialized insurance product designed to mitigate financial losses from cyber-related incidents such as data breaches, network damage, and business interruptions.

Why it matters

Cyber insurance can cover expenses related to legal fees, notification costs, fines, and even public relations efforts to rebuild a company's reputation after a cyber incident. Cyber insurance is an essential layer of risk management for organizations, aligning with other cybersecurity measures to protect against potential cyber threats.