In India, under cyber insurance for individuals, which of the following benefits are generally covered, in add

Question

In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits?
1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer
2. Cost of a new computer if some miscreant wilfully damages it, if proved so
3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion
4. Cost of defence in the Court of Law if any third party files a suit
Select the correct answer using the code given below :

Accepted Answer

Cyber insurance policies for individuals typically cover losses arising from cyber incidents. This includes the cost of restoring systems damaged by malware, expenses incurred when dealing with cyber extortion scenarios (like hiring consultants to mitigate losses), and legal defence costs if a third party sues due to a cyber incident. However, damage to hardware caused by wilful acts of miscreants, which falls under general property damage, is usually not covered under a standard cyber insurance policy for individuals; it would typically be covered under home insurance or a separate accidental damage policy.