cyber insurance
- Insurance policy for businesses that offers protection against potential legal responsibility related to the usage of computers and internet networks, including issues like theft of personal data, transmission of harmful software, and violation of intellectual property rights
- The company decided to buy cyber insurance to protect itself from potential financial losses due to data breaches.
- The cyber insurance covers all legal expenses in case of a copyright infringement claim related to their digital content.
- Knowing the increasing risks of digital threats, many firms are now considering the inclusion of cyber insurance in their risk management strategies.
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