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      Question

      A coverage that protects businesses engaged in

      electronic commerce from losses caused by hackers is termed as?
      A Hospital Insurance Correct Answer Incorrect Answer
      B Hull Insurance Correct Answer Incorrect Answer
      C Hacker Insurance Correct Answer Incorrect Answer
      D Identity theft Insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      An insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.

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