In India, under cyber insurance for individuals, which of the following benefits are generally covered, in…
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:
1, 2 and 4 only
1, 3 and 4 only
2 and 3 only
1, 2, 3 and 4
Solution
Cyber insurance covers restoration costs post-malware (1 correct), specialized consultant fees in case of cyber extortion (3 correct), and legal defence costs against third-party suits (4 correct). Cost of replacing the computer itself if wilfully damaged is typically not covered. Answer: (b) 1, 3 and 4 only.