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How Does Cyber Insurance Work?

By April 9, 2020May 24th, 2021No Comments

From our partners at Travelers Insurance

The cost of dealing with a data breach goes beyond repairing databases, strengthening security procedures or replacing lost laptops. Regulations requiring notifications of affected customers also drive costs for companies in which a data breach compromises personal or confidential data. Traditional business insurance may not be enough to protect companies from cyber-crime. But just how does cyber insurance work?