Cyber insurance covers your business from threats, such as data breaches or malicious cyber hacks on work computer systems. The coverage can be resumed under 3 axes:
- First Party coverage (data destruction, cyber extortion, theft of data, hacking and denial of service attacks, damage to your own digital resources and/or your information system, notification and communication costs, business interruption, reputational damage, cyber extortion).
- Third party coverage (liability coverage indemnifying companies for costs relating to losses caused to third parties, for example by errors and omissions, failure to safeguard data or defamation, infringement of copyright, misleading advertising).
- Other benefits including regular security-audit, post-incident public relations, investigative expenses and criminal reward funds, fines and penalties, etc.