What is the main purpose of a cyber insurance policy for businesses? 🔊
The main purpose of a cyber insurance policy for businesses is to provide financial protection against cyber threats and attacks. These policies typically cover costs associated with data breaches, cyber extortion, legal fees, and loss of income due to business interruption. As cyber threats increasingly impact organizations, having a cyber insurance policy helps mitigate financial risks and ensures that companies can recover effectively from incidents. This type of insurance aids in reassuring clients and stakeholders that the business takes cybersecurity seriously.
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