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Cyber insurance is a type of insurance that protects your business against financial losses arising from malicious cybercrime, which can include data breaches, theft, system hacking,. Cyber incidents can be enormously expensive today (ibm’s 2024 cost of a data breach report put the average cost of a breach at $4.88m — a 10% increase over 2023), and. Cyber insurance protects your liabilities such as loss of reputation and third party claims. Our in depth understanding of cyber exposures enables us to assist with reducing risk and negotiating.
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