Cyber insurance is gaining popularity worldwide

Cyber ​​attacks over the past few years, a huge amount of data leaks and destroy the cyber insurance is growing increasingly important. In particular, the risk of Internet-based IT infrastructure to protect businesses from risk, and activities related to global cyber insurance is gaining popularity quickly.

Cyber ​​insurance is important to protect the database could contribute to the understanding of the business officials. That is why they are taking refuge in information security and cyber insurance. The market is trying to meet the needs of cyber insurance companies are continuing.

Cyber ​​insurance is a relatively new product essentially. In the mid-1990s, the first of which was released to the market. 010 at the beginning of the more important and widespread discussion comes up. In the meantime, however, very few companies would have to offer a cyber insurance policy.

At present, more than fifty companies are working on the issue for more than two billion dollars worth of insurance coverage. Cyber ​​Insurance market is expected to triple by the year next ২0২0 US could reach $ 7.5 billion.

Cyber ​​insurance is a business insurance product, which is particularly at risk of Internet-based IT infrastructure and is used to protect from the risks related activities. The traditional commercial general liability policy is different from the nature of the risk generally. Cyber ​​insurance policy against the loss of information, such as the destruction of the First party coverage, extortion, theft, hacking, etc. may be included.

Liability Insurance Liability insurance coverage or other companies affected by the provision of security. For example, errors and omission, failure to protect information, defamation and regular safety inspections of other facilities, including the subsequent public relations and investigative costs.

Insurance policies are accepted by a wide variety of cyber risks. These risks may change significantly depending on the policy. In general, the risk is that it may contain, in daya defense costs, judgment, the court verdict will be included.

Byabasthapana crisis under which public relations, information, fault notification, credit monitoring services can be provided. Besides providing a barrier to business, loss of data or replacing electronic, cyber extortion costs, including the cost of regulatory compliance.

Cyber ​​insurance coverage and premium costs can vary significantly depending on the turn of a company's security practices. Cyber ​​Insurance owner  by businesses interested in applying risk management techniques, only antivirus / anti-malware software, firewall software, or if the company can not be the case.

Insurance owner want to know whether there are business disaster response plan, staff information on how to insert and retrieve cultural control, and whether there is a business case. That co-operation to prevent fraud or fraudulent activities, which will allow leaks to happen.

Since last year, the rise of cyber insurance premium and other fees. However, insurance coverage, companies are trying to limit the amount of 100 million. In case of single premium insurance company in North America, up to $ 10 million from $ 750 andararaitinyera amount is taken. The company independent insurance agents and brokers who are selling by the cyber-insurance policies.

Global "PwC Global State of Information Security Survey 016 titled" Survey, the insurance sector has made rapid progress in the cyber insurance. Is expected next ২0২0 .5 billion US dollars by the year of cyber insurance market increased from the current 7.5 billion can reach.

015 from May 7 to June 1 in the world in the online survey conducted in 127 countries in 10 different companies of the officials sent by e-mail reply. Answering danakaridera 37 percent in North America, 30 percent in Europe, 16 percent in Asia Pacific, 14 percent and 3 percent in South America, the Middle East and Africa.