As cyber threats become more prevalent, the company shall cover financial losses resulting from various types of cybercrime activities to mitigate potential damages to the company.
This includes reimbursement for financial losses resulting from unauthorized access to bank accounts, wire transfer fraud, or other forms of financial manipulation conducted by cybercriminals.
Costs associated with conducting a forensic investigation to determine the origin, method, and scope of the criminal activity are vital for recovering losses and preventing future incidents.
Legal expenses incurred in pursuing charges against cyberattackers or defending against lawsuits related to cybercrime are covered to ensure that employees have comprehensive support.
Collection
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