CURRENT AFFAIRS

Detailed explanation-1: -As the first cybersecurity company in India to offer cyber insurance, SafeHouse Tech is committed to ensuring that individuals are both secured and insured against financial cybercrimes even as UPI fraud cases increase with demand and usage of UPI increasing significantly.

Detailed explanation-2: -With SBI General’s cyber VaultEdge, you can secure yourself against financial losses arising from Cyber Risks. Who Can Buy This Policy?Individual exposed to any form of cyber risks can buy this policy for themselves and their family. Family includes self, spouse, and 2 dependent children (up to 18 years of age).

Detailed explanation-3: -SBI General Insurance has launched the Cyber VaultEdge insurance plan, a comprehensive cyber insurance cover for individuals that provides protection against financial losses arising from cyber risks and attacks, said the firm in its statement.

Detailed explanation-4: -Most observers trace the history of cyber insurance back to Steven Haase, who helped AIG write the first internet security liability policy in the spring of 1997.