Cyber insurance can help cover the costs of a cyberattack, from business interruption to system recovery. However, purchasing a policy does not guarantee compensation.
If a company fails to meet the policy requirements, reports security measures that are not actually in place, or fails to report an incident as required, the insurer may question whether the claim is covered.
That is why it is important to verify that the required security measures are operational and that the company can provide evidence of their implementation.
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