cybersecurity insurance

Cybersecurity insurance is a type of coverage that helps businesses protect themselves from financial losses related to cyberattacks and data breaches. It can cover expenses like recovery costs, legal fees, and even customer notification in case of a breach. Companies purchase this insurance to mitigate risks associated with potential cyber incidents, as the damages can be significant and often exceed what a business can afford. Essentially, it acts as a financial safety net, allowing businesses to recover more quickly and manage the impact of cyber threats.