CURRENT AFFAIRS

Detailed explanation-1: -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-2: -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-3: -Coverage under the individual cyber insurance includes identity theft, social media liability, malware attack, phishing, data breach by the third party, etc. It also covers counselling services in many cases where a victim goes through an emotional setback due to identity theft or data breach or even cyberbullying.

Detailed explanation-4: -Cyber insurance generally covers your business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records.

Detailed explanation-5: -By offsetting the costs involved in recovery, a cyber insurance broker can help businesses find the right cyber insurance policy to protect their assets from cyber fraud or other issues that might contribute to cyber-related loss. Technology plays a huge role in the way companies run their businesses.