In India, under cyber insurance for individuals, which of the following benefits are generally cover

Question

In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the funds and other benefits?  Cost of restoration of the computer system in case of malware disrupting access to one's computer Cost of a new computer if some miscreant wilfully damages it, if proved so Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion. Cost of defence in the Court of Law if any third party files a suit  Select the correct answer using the code given below:

Accepted Answer

Cyber Insurance is designed to guard businesses from the potential effects of cyber-attacks. It helps an organisation mitigate risk exposure by offsetting costs, after a cyber-attack/breach has happened. To simplify, cyber Insurance is designed to cover the fees, expenses and legal costs associated with cyber breaches that occur after an organisation has been hacked or from theft or loss of client/employee information.In India, cyber insurance covers (generally) the following:Identity theftCyber-bullying and cyber-stalkingCyber extortionMalware intrusionFinancial loss due to unauthorized and fraudulent use of bank account, credit card and mobile walletsLegal expenses arising out of any covered riskSocial Media CoverPhishing CoverE-mail SpoofingMedia Liability Claims CoverCyber Extortion CoverPrivacy Breach and Data Breach by Third Party.Hence only options 1, 3 and 4 are correct.