What is a fiduciary insurance policy?

If a company sponsors a retirement or health plan for its employees, then the person involved anyway with the management of that plan, is considered as a fiduciary. A fiduciary is held personally liable for a breach of his fiduciary duties. For many businesses, offering an employee benefit plan is a way to retain and […]

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Cyber Insurance: A Game Changer?

Although cyber insurance is a new player in the market, for a country like India, which prides itself as a software exporter, it is quite essential for the businesses. With the growing use of the internet and the utilization of online services, it is a mandate to use safer measures to stay safe from cyber-crimes. […]

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What are the different types of Losses Covered by Cyber Risk Insurance?

Cyber Risk Insurance covers the losses relating to damage or loss of information from systems and networks. Such policies include significant assistance including management of the incident itself. When one gets such a policy, it is essential to understand if the policy covers only first-party risk or also third-party risks. First-party insurance covers the assets […]

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Types of Cyber Risks Faced By Modern Indian Businesses?

Flashback 2014, Gujrat. Deepak Nitrate is a listed company in BSE with an around net worth of 1500 crores. They were surprised when they didn’t receive payments after a consignment was received by a client in the US. Upon inquiry, the client said, they have deposited the money in the new account in Malaysia. Which […]

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Cyber Laws In India Every Organisation Should Be Aware Of

With the privatization of the industry in the 1990s in India, the use of electronic systems to store the important personal and organizational records and files increased considerably. It proved to be a boon in the Industrial sector making the work easier, faster, and efficient compared to earlier methods. With the rise of cybercrime nationally […]

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What are the Common Exclusions of Cyber Risk insurance?

The uptake of Cyber insurance policies has grown rapidly due to the constant threat of hacking and cyber-attacks on an organization’s database. It is vital to know what the cyber policy covers while buying a policy and claiming the same. All insurance policies have some or other exclusion and since cyber insurance is relatively new, […]

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What does a cyber insurance policy cover?

A cyber insurance policy also known as the cyber liability insurance or cyber risk insurance coverage helps organisations to mitigate risk by offsetting costs involved with recovery after a cyber-related security breach or similar event takes place. Most sophisticated organisations can deploy the best cybersecurity protocols in place and still cannot guarantee 100% security. However, […]

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Cyber insurance: Everything You Need to Know

Virtual is the new way of life. Individuals as well as corporations have moved online for even the most basic activities, whether it is news, entertainment, health, shopping, communication and exchange of information, buying and selling products and services, and financial transactions including money transfers, investment, and banking. But we need to ask ourselves – […]

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Here is why a Cyber Crime Insurance Plan is a Must-Have

There is no denying the fact that cybercrime is steadily on the rise in India. Between 2015 and 2016 there was a 6.3% increase in the number of reported cyber crimes in India. However the number almost doubled in the year 2017. As per a more recent PWC-DSCI report titled “Cyber Security India Market” released […]

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