CYBER INSURANCE  (English, Paperback, JAGENDRA RANA)

The cyber insurance market is gradually gaining traction in India as corporates have increasingly identified cyber-theft to be amongst the most prominent threats to their operations. Cyber risk is an emerging risk. What is unique about it is that the risk is not a segregated one. As threat surface continue to expand due to rising digitization, Cyber Risk Management becomes crucial. Cyber Insurance products are designed to mitigate risk exposure by offsetting costs after a cyber-attack/breach. Companies are taking cognizance of the emerging cyber risks and creating products to safeguard individuals. But, there exists a huge gap in the form of optimism bias, which means that individuals feel they will continue to remain unscathed by cyber attacks. The onus lies on insurance players to create more awareness about the rising threat of security in the virtual space. Cyber Risk is one of the most talked about topics in the media and in the boardroom in recent years. It is a major problem and challenge for many organizations. This book provides an insight into how insurance companies recognize and insure cyber crimes and improve their cyber hygiene.