All You Need to Know About Personal Cyber Insurance

Online frauds through malware, phishing, identity theft and other online threats such as for example cyber bullying are on the rise year after year across several countries including India. Because the digital revolution the instances of cyber fraud have been on the rise and a quantum jump in such incidents was seen through the Covid-19 pandemic as the necessity for digital payments increased.

To ensure monetary safety against any kind of cyber fraud, the Insurance Regulatory and Development Authority (IRDAI), the apex insurance regulatory body in the country, and found insurance companies have introduced cyber insurance policies offering cover against monetary loss through cyber fraud. Both companies and individuals will get a cyber-insurance policy.

Source- 

https://www.cnbctv18.com/personal-finance/what-is-personal-cyber-insurance-all-you-need-to-know-13266992.htm

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