Cyber and privacy insurance

{
  "id": "MLC-T-INS-001059",
  "term": "Cyber and privacy insurance",
  "field": "Insurance and risk management",
  "definition": "A form of specialized insurance intended to cover losses resulting from a data breach or other cyber security incident. Policies cover both first-party costs, such as forensic investigation and customer notification, and third-party liability for damages claimed by affected individuals. Coverage may also extend to regulatory fines, public relations expenses, and business interruption losses stemming from the event.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/cyber-and-privacy-insurance/"
}