Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities.
Cybersecurity insurance
is designed to mitigate losses from a variety of cyber incidents,
including data breaches, business interruption, and network damage.
What is a cyber risk?
'Cyber risk' means any risk
of financial loss, disruption or damage to the reputation of an
organisation from some sort of failure of its information technology
systems.
What is cyber risk management?
A company, led by its CEO, must integrate cyber risk management into day-to-day operations. Additionally, a company must be prepared to respond to the inevitable cyber incident, restore normal operations and ensure that company assets and the company's reputation are protected.
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