Cyber insurance is a type of insurance that covers losses and damages resulting from cyber attacks, data breaches, and other types of digital threats. Its promise is to help businesses and organizations protect against the financial consequences of these types of incidents, which can be significant.
Cyber insurance policies may cover a wide range of risks, including:
Cyber insurance policies may also provide access to expert resources and assistance in the aftermath of a cyber attack, such as incident response professionals, legal counsel, and public relations firms.
But what about the real world experiences? Marabu´s CISO Stefan Würtemberger recently had to manage a ransomware attack and will talk about his experience with settling his company´s claims with the cyber insurer.