Cyber insurance provides comprehensive financial indemnification across two main categories: first-party losses and third-party liabilities. First-party coverage includes expenses for IT forensic investigations, data and system restoration, business interruption downtime losses, crisis public relations management, and authorized ransomware extortion demands. Third-party coverage protects against legal defense costs, consumer privacy lawsuits, regulatory fines where insurable, and compensation payouts owed to clients or stakeholders affected by a data breach.
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