What is the main advantage of acquiring cybersecurity insurance? 🔊
One main advantage of acquiring cybersecurity insurance is the financial safety it provides against potential data breaches and cyber incidents. This insurance can cover various aspects of a breach, such as remediation costs, legal fees, and potential fines. By securing this coverage, organizations can mitigate the financial impact of cybersecurity risks, allowing them to focus on recovery and business continuity. Additionally, having cybersecurity insurance may encourage organizations to strengthen their security practices proactively, as insurers often require established safeguards to qualify for coverage.
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