In this modern world where everything is virtual there are a lot of advantages as well as disadvantages connected to it. When a company loses its data due to various reasons like system breakdown, virus attack and data breach, the company will have to face a lot of losses and to cover up for this sometimes the company might have to sell itself to recover. Hence, in such cases cyber insurance comes in the picture and pays on the behalf of the company for all the losses that the company might incur.
