<ul><li>More companies are taking out cyber insurance policies to protect themselves from financial losses arising from data breaches and cyberattacks, including ransomware.</li><li>Cyber insurance covers costs related to ransom payments, data recovery, legal fees, regulatory fines, customer notification, and business interruptions.</li><li>The insurance also provides assistance with incident response, such as forensic investigation and public relations efforts to protect or restore the company's reputation.</li><li>When considering cyber insurance, businesses should evaluate their risk profiles, existing security infrastructure, critical assets, security incident history, data sensitivity, geographic location, and desired level of coverage.</li></ul>

Cyber Insurance: A Key Defense Against Ransomware

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