cyber insurance is an insurance policy protect businesses and individuals from financial losses

Cyber insurance is an insurance policy designed to protect businesses and individuals from financial losses caused by cyber or cyber attacks. These losses can include data recovery costs, lost revenue, and legal liability. Cyberattacks are increasingly common, and they can have a devastating impact on businesses and individuals. According to the Cybersecurity and Infrastructure Security Agency (CISA), the average cost of a cyberattack for a small business is $200,000. Cyberattacks can also result in lost revenue, reputational damage, and even legal action. The most common types of cyber attacks include: 1. Data theft: This occurs when sensitive information, such as financial data or customer information, is stolen from a computer system. 2. Malware attack: This occurs when malicious software, such as viruses or ransomware, is installed on a computer system. 3. Denial of service (DoS): This occurs when an attacker floods a website or server with traffic, making it inaccessible to legitim