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Cyber Insurance Market 2022: FAQs & Updates with iBynd
Q: What are the most important cyber insurance policy coverages for businesses? Notification and expense coverageAfter customer data is compromised, there are state-regulated notification requirements an organization must follow. Cyber insurance companies help navigate and handle the notifications and expenses associated with them such as hiring a forensics expert to identify the cause of the breach, monitoring the affected individuals’ credit score, and paying costs to restore stolen identities. Business interruptionRemember when Kaseya, a US…
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