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Business Standard

Tepid demand for cyber insurance policies despite steep rise in attacks

Experts see signs of change because of heightened awareness and increase in enquiries

Topics
Cyberattacks | Insurance companies | Insurance

Subrata Panda  |  Mumbai 



Cybersecurity, cyberattack, hacking
Cyber insurance policy covers ransomware attacks and ensuing damages which include: ransom payments; data restoration costs in case the data is lost; forensic and other first party costs; and loss of profit arising out of business interruption.

The rise in against institutions appears not to have led to a concomitant increase in demand for policies.

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First Published: Fri, December 02 2022. 20:44 IST

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