Insurtech or insurance technology is a rapidly growing sector in India. Cybersecurity is crucial for safeguarding customer data as Insurtech combines digital technologies and data-driven solutions to streamline insurance services. Though InsurTech and fintech firms offer new-age financial services solutions, they also introduce unique cybersecurity risks. Imagine an insurtech firm that offers digital insurance policies […]
Cyber Risk
The ROI of Cyber Insurance: How Investing in Protection Yields Long-Term Benefits
Today’s organisations heavily rely on technology and data, therefore the potential of cyberattacks is quite real. The need to protect sensitive information and uphold consumer confidence has never been more crucial given the frequency and sophistication of cyber-attacks. In these situations, cyber-attack insurance is useful because it provides a safety net that goes beyond simple […]
Integrating Cyber Insurance into Corporate Financial Framework
Cyber insurance has emerged as an important tool in a company’s risk management portfolio. It is because of the increasing prevalence of cyber risks. Cyber threats are constantly evolving and can affect the financial framework of any organisation, regardless of size or industry. Organisations must be prepared with appropriate financial resources to manage their cyber […]
Unauthorised Access Cover in Cyber Insurance
In our increasingly interconnected world, businesses face substantial risks from cyber security threats that can jeopardise their digital assets. To protect themselves from potential financial losses, organisations have turned to cyber insurance policies as an essential resource. One of the important features of cyber insurance is unauthorised access cover that provides financial protection against unauthorized […]
Social Engineering Coverage under Cyber Insurance
In today’s digital landscape, the increasing sophistication of cyber criminals and their tactics poses significant risks to businesses. As cyber-attacks continue to evolve, organisations need comprehensive risk management strategies to protect their valuable assets. Cyber insurance plays a crucial role in mitigating these risks by providing financial protection and resources to recover from cyber incidents. […]
Are Phishing and Spoofing covered under Cyber Insurance?
In today’s technologically advanced era, individuals face a growing risk of cyber threats, such as phishing and spoofing attacks. As these malicious activities continue to develop, individuals are proactively seeking to safeguard measures through personal cyber insurance policies. This article explores phishing & spoofing coverage under Cyber Insurance, emphasising the importance of personal cyber security […]
Third-party liability coverage under Cyber Liability Insurance
In the modern digital environment, businesses are confronted with escalating dangers associated with cyber events. The surge in cybercriminal activities and unauthorised data access has underscored the significance of having cyber-crime insurance coverage. Due to the increasing cyber threats, having third-party liability coverage under Cyber Insurance has become imperative. While this insurance safeguards against monetary […]
What are the advantages and limitations of cyber risk or security insurance?
Cyber Risk Insurance – Advantages and Limitations Companies can acquire Cyber Security Insurance to mitigate fiscal harm from data infractions, cyber assaults, and other accompanying occurrences. It covers any reimbursements or compensations from such incidences in addition to fees from defending court cases in connection to them. This solution provides multiple profits for companies looking […]
Cyber Risk Insurance Claims in the Cloud Era: Key Insights
In the recent period, swiftly increasing technology has completely revolutionised how we navigate through our day-to-day lives on the web. This has concomitantly led to a significant surge in cyber-attacks and associated security risks. It is therefore pushing businesses to safeguard themselves from possible financial damage. Cyber risk insurance provides remuneration for data compilations that […]
Why safeguarding digital assets from cybersecurity risks is becoming increasingly complex and expensive?
As technology advances, the protection of digital belongings from cyber security dangers is becoming more and more complex and expensive. This strong surge in sophistication and costs can be traced back to the advancements in technology. This offers cybercriminals increasingly advanced tools and gear to permeate safety controls. As organisations become more and more dependent […]