Information security and privacy liability coverage

{
  "id": "MLC-T-INS-001828",
  "term": "Information security and privacy liability coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance protection for businesses against claims arising from data breaches, privacy violations, and failures in their information security systems. This coverage typically addresses legal defense costs, regulatory fines, notification expenses, and damages awarded to affected individuals. It responds to incidents such as unauthorized access to data, theft of personally identifiable information, or the accidental disclosure of confidential data.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/information-security-and-privacy-liability-coverage/"
}