Data Breach Insurance
Data breach insurance is a type of insurance policy that provides financial protection to businesses in the event of a data breach or cyberattack. This insurance coverage typically helps cover the costs associated with investigating a breach, notifying affected individuals, recovering lost data, repairing damaged systems, and legal expenses. Data breach insurance can also provide coverage for potential liabilities, such as lawsuits from affected parties or regulatory fines. This type of insurance is crucial for businesses that handle sensitive customer information and want to mitigate the financial risks associated with data breaches.
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