Cyber liability insurance definition (noun)
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Cyber liability insurance is a type of insurance that covers financial losses due to data breaches and other cyberattacks. In the event of a cyber attack, cyber liability insurance may cover:
- Notification costs to alert affected parties that their personal data was compromised
- Privacy lawsuits from customers or employees
- Extortion costs to recover data from hackers
- Fines from regulatory bodies
Appears in: Privacy Policies
