Indian Companies Rush to Buy Cyber Insurance as Digital Risks Mount
AI Summary1 min read
TL;DR
Indian companies are rapidly adopting cyber insurance, driven by global outages and stricter data laws, leading to higher policy sales and expanded coverage for non-malicious tech failures.
Tags
cyber insurancedigital risksIndian companiesdata protectionsupply-chain breaches
Indian companies are increasingly purchasing cyber insurance and expanding cover sizes due to high-profile global outages and tighter data protection rules. Insurers report a sharp increase in policy sales, with companies reassessing digital risks and benchmarking insurance limits to potential revenue loss from system downtime. Coverage is evolving beyond traditional malicious attacks, with a focus on non-malicious technology failures and supply-chain breaches.
