Recovering From a Cyber Attack Can Be Costly.

Cyber insurance covers financial losses from cyberattacks, including first-party costs like data recovery, business interruption, and incident response (forensics, PR), and third-party liability for lawsuits from affected customers or regulators.

Cyber Insurance helps pay for legal fees, customer notification, data restoration, cyber extortion demands, and lost income, but often excludes issues from poor security, pre-existing vulnerabilities, or simple human error, with costs varying by business size and data handled.