Watch : 5 reasons cyber fraud insurance is essential in digital age

Imagine the impact of a drained personal bank account held for ransom. Cyber insurance provides a robust financial safeguard against losses stemming from a wide range of cyber incidents, including data breaches and ransom ware attacks. Without such coverage, individuals and businesses may face severe financial repercussions. By mitigating these financial risks, cyber insurance enables affected parties to recover more rapidly and effectively.