Cyber insurance protects against cybercrime and cybersecurity risks such as breach of personal information, identity theft and online fraud events, cyberbullying, cyber extortion including ransomware, and cyber-attacks to operational systems. It protects businesses and homeowners from hefty legal and operational expenses as they respond to cyber-attacks.

Cyber insurance coverage is vital in today’s modern world as we rely heavily on digital information, computer systems, and connected smart homes; and conduct business and personal matters using online platforms, including the exchange of personally sensitive information.