The risks will be covered under privacy insurance
B. intellectual property infringement
D. information leak because of an email sent to a fraud address
Explanation:
- Cyber risk commonly refers to any risk of financial loss, disruption or damage to the reputation of an organization resulting from the failure of its information technology systems.
- Cyber and privacy policies cover a business' liability for a data breach in which the firm's customers' personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm's electronic network.
- Cyber insurance is designed to protect your company from these primary risks through five distinct insuring agreements: network security, privacy, interruption to your business, media liability, and errors and omissions
- Privacy liability insurance covers losses that arise out of an organization's failure to protect sensitive, personal or corporate information in any format.
