What are Cyber Risks?
Cyber risks refer to the possibility of harm or damage to an individual, organization, or society due to a security breach or other forms of cyber threats. These risks encompass dangers to computer systems, networks, and electronic devices, as well as the data and information stored, processed, or transmitted through these systems.
Why Cyber Risk Insurance becomes important?
Cyber risk insurance has become increasingly important in today’s digital age as businesses and individuals depend more on technology to store, process, and transmit sensitive information. Cyber insurance offers protection against losses that may result from a cyber attack or data breach.