Cyber Insurance

A cyber insurance policy is a form of insurance policy that covers a business for any loss or damage caused by hackers to the company’s property, data breach, or other fraudulent conduct that results in the loss of client data on the internet. An individual, as well as small and large businesses, might suffer moderate to severe losses as a result of a cyber-attack.

The protection of computer systems and networks against information disclosure, theft of or damage to their hardware, software, or electronic data, as well as disruption or misdirection of the services they provide, is known as cybersecurity.

Why Cyber Security is important?

  • Various businesses today rely on Internet-based technology to reach out to potential clients and achieve their digital marketing objectives. All digital instruments put these businesses at danger of cyber-attacks.
  • Cyber insurance should be considered by all commercial organizations or firms in India that are directly or indirectly involved in online payment transactions, customer data management, information storage, payment gateway use, or cloud services.
  • The potential of malicious attacks on an organization’s assets has increased as a result of the development of smart devices connected to massive enterprise networks. As part of their risk management strategy. In India, cyber insurance is a method of mitigating risk and neutralizing cyber threats.

Benefits of Cyber Insurance:

  • Cyber-threat protection and cyber-crime prevention
  • Coverage of financial costs
  • Individuals will be covered under unique policies.
  • Prevents large and small businesses from collapsing as a result of a cyber-attack. Ensures cyber security and safety.
  • Purchases can be made easily online.

What’s covered:

  • Any loss or damage to the company’s online-transferred funds or property.
  • Any loss or damage caused by fraudulent behavior on an online network or a computer system breach.
  • Any loss or damage to a customer who transfers funds online after contacting customer support via email.
  • Any loss or harm incurred as a result of a false communication for which the company is legally responsible.
  • Loss or harm incurred as a result of an extortion payment, which includes the expense of a professional negotiator, any payment made to the extortionist, and any fund transfers, among other things.
  • Any internet vandalism committed by a corporation employee.
  • Any additional costs incurred as a result of the online business interruption.

Why choose Micro Orbit Fintech's Cyber Insurance?

  • Quick and easy process
  • Customization of policy as required
  • Secure Buy/Renewal process
  • Easy process of switching the insurer
  • Completely transparent & quick process
  • With experience of 20+ years in this industry, our team will help you shortlist the best car insurance options available at the industry lowest rates.
  • Pricing, benefits, & features side-by-side comparison with all available insurance companies for an decision-making process.
  • Alerts and information on trending offers and discounts.
  • Completely hassle-free process from beginning to end with the industry best deal.

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