Cybercrime costs to hit $10.5 trn by 2025: How insurance may save your biz

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Cybercrime costs to hit $10.5 trn by 2025: How insurance may save your biz - Business Standard

Quick Summary:

Raising a claim under cyber insurance can be a bit different from other types of insurance because each cyber incident is unique.1.

Cyber extortion coverage is also available, providing comprehensive support, including expert negotiation and potential ransom payments.

Ranjeeth Bellary, a partner at EY India Forensic and Integrity Services – Cyber Forensics, points out that this number may be an underestimation, as many incidents likely go unreported or unnoticed.