Important Features of a Cyber Insurance Policy In today’s fast-paced digital landscape, where data breaches and cyber threats lurk around every virtual corner, safeguarding your business with a robust cyber insurance policy has become non-negotiable. But what exactly should you look for when choosing the perfect cyber insurance policy? Let’s dive into the crucial features […]
Cyber Risk
Key Considerations for Choosing Cyber Insurance for Your BPO Business
In the digital transformation era, businesses rely heavily on technology for their day-to-day operations. As a BPO business, it is especially important to ensure that your operations and data are properly protected from cyber threats as these have the potential to cause significant financial losses or reputational damage. India’s BPO Sector therefore should seriously consider […]
Securing Patient Data: The Role of Cyber Liability Insurance in the Healthcare Sector
Introduction: Cyber Insurance helping secure patient data Patient data safety is crucial in healthcare. In fact, medical information is highly sensitive and personal. Patient records contain valuable personal details, including names, addresses, and Social Security numbers, which can be exploited if accessed by unauthorised individuals. Therefore, the role of Cyber Insurance in securing patient data […]
Cyber Liability Insurance for Indian E-commerce Startups: Safeguarding Against Data Breaches
Cybersecurity threats in the e-commerce industry are increasing over the years. As per the research, almost 50% of e-commerce startups/companies report cyber threats of some sort. These companies handle a significant amount of customer data, including personal and financial information. Protecting this data is crucial for Cyber Insurance protection for Indian e-commerce startups. They have […]
Video- Cyber Insurance Webinar
Introduction- Webinar on Cyber Insurance (SecureNow) This video blog on Cyber Insurance from SecureNow, delve into the complex world of cyber threats and provide a comprehensive understanding of this vital coverage. In this detailed webinar, we cover a wide range of topics, including importance of cyber insurance Policy, to ensure you are well-informed and prepared. […]
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 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 retain […]
What are the different types of losses covered by cyber risk insurance?
Cyber insurance and types of losses coverages Cyber insurance covers losses relating to damage or loss of information from an establishment’s systems and networks. These policies include all kinds of assistance in managing such incidents. So, it is essential to understand if the policy covers only first-party risks or those associated with the third-party too. […]
Types of cyber risks modern Indian businesses face
Types of cyber risks modern Indian businesses face : 2014, Gujarat Deepak Nitrate, a listed company in BSE with a net worth of around Rs 1,500 crore, fails to get payment for a consignment sent to a client in the US. Upon inquiry, it turns out they had deposited the money in a new account […]
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. Those buying and claiming the cyber policy should know what it covers. Assessing the common exclusions of Cyber Insurance is difficult as it is relatively new. Common exclusions in cyber risk insurance The […]
What does a cyber insurance policy cover?
A cyber insurance policy helps organisations to mitigate the risks related to a cybersecurity breach. This policy offsets costs involved in recovering from a malware attack or a similar event. Organisations can’t guarantee 100% security even after deploying the best cybersecurity protocols. Therefore, businesses should buy a cyber insurance policy. The rise in cyber-crimes […]