Cyber insurance, also known as ‘cyber liability insurance,’ is a type of insurance coverage designed to protect businesses from the potential losses and damages resulting from a cyber attack or data breach. With the increasing prevalence of cyber threats in today’s digital landscape, cyber insurance has become a vital component of risk management for Australian businesses, as it provides financial protection by covering various costs associated with cyber incidents – including investigation expenses, legal fees, notification costs, and more. Let’s explore the intricacies of cyber insurance and how it can safeguard your business against the ever-evolving threat of cyber attacks....
