Cyber Insurance

Cyber insurance↗ is a policy that helps organizations cover the financial fallout of a cyberattack↗, including breach investigation costs, legal fees, customer notification, ransomware↗ payments, and lost business income during downtime.

Insurers increasingly require applicants to demonstrate baseline security practices, like MFA and regular backups, before issuing coverage, since poor security dramatically increases both the likelihood and cost of a claim. Cyber insurance is a financial safety net, not a substitute for actual security controls.