Cyber liability insurance in Canada is a specialized commercial insurance product tailored to help Canadian businesses mitigate the severe financial, legal, and operational fallout resulting from data breaches, ransomware attacks, and cyber incidents. Operating under Canadian privacy laws (such as PIPEDA), these policies cover first-party recovery costs—like IT forensics, extortion demands, and business interruption losses—alongside third-party liabilities, regulatory fines, and class-action defense expenses stemming from compromised client or employee personal information.
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