What is Cyber Insurance?
Cyber Insurance covers first-party costs (data restoration, ransom, business interruption, forensic investigation) and third-party liabilities (lawsuits from affected customers, regulatory fines).
Who needs it?
- Any business handling customer data (PII, KYC, payment data)
- SaaS, fintech, e-commerce, healthtech startups
- Hospitals, clinics, law firms, CAs holding sensitive records
- Companies under DPDPA / GDPR scope
Why it matters
Forensic & legal support included
Ransomware negotiation & payment cover
Business interruption due to system downtime
Reputational repair / PR cost cover
Common myths, busted
Myth: We're too small to be attacked.
Truth: 60%+ of ransomware attacks now target SMEs precisely because they're under-protected.
Real claim examples
- ₹85 L total exposure (ransom + forensic + lost revenue) covered for an e-commerce SME after a vendor portal breach.
