Cyber protection insurance covers a broad spectrum of digital risks, divided into first-party and third-party scopes. First-party coverage handles direct expenses like IT forensic investigations, data restoration, ransomware extortion payments, business interruption losses, and crisis PR management. Third-party coverage protects against legal liabilities, consumer lawsuits, and regulatory penalties resulting from compromised customer or employee data. Specialized policies may also cover digital wire fraud, network extortion, and electronic media liability arising from online operations.
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