Cyber insurance generally covers business’ liability for a data breach involving sensitive customer information, such as financial records (bank and credit card account numbers), personal information such as social security numbers, driver’s license numbers, health records, etc.
In the event of a cyber-attack or data breach, the cyber policy typically covers legal fees and costs to cover:
- Recovering compromised data.
- Helping clients restore personal data such as notifying credit agencies.
- Repairing damaged software and hardware on computers, servers, etc.