Cyber liability insurance is a specialized insurance product that provides coverage and financial protection against cyber risks and cyber-attacks. It is designed to help mitigate the financial and reputational damage that can result from data breaches, cyber extortions, and other cybersecurity incidents. The coverage typically includes first-party and third-party liabilities, such as network security and privacy liability, network business interruption, media liability, and errors and omissions. It is important to note that cyber insurance is not a substitute for good cybersecurity practices and businesses still need to maintain a robust security posture. The cost of cyber insurance depends on factors
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https://insuranceintellect.com/what-is-cyber-liability-insurance/
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