CYBER INSURANCE

Look around today's world, and you'll see that daily life is more dependent on technology than ever before, benefits ranging from instant access to information on the Internet to the modern conveniences provided by smart home automation technology and concepts like the Internet of Things.

- Sweta Agarwal

There is so much good coming from technology that it can be hard to believe that potential threats lurk behind every device and platform. Despite the world wide idealistic perception of modern advances, cyber security threats presented by modern tech are a real danger.

A steady rise in cybercrime highlights the flaws in devices and services we have come to depend on. This concern forces us to ask what cyber security & Cyber Insurance are & why are they essential.

Cyber This one word is enough to open thousand tabs in your mind& none, any clear. Today we will boil it down to few.. & crystal clear. Cyber is simply things related to or involving computer or computer networks.

Cyber-attacks or Cyber Crimes are attempts by hackers to damage or destroy a computer network or system leading to unauthorized accessing, changing, or destroying sensitive information, theft of or damage to hardware/software, interruption of normal business processes& even extortion of money.

Some common cyber threats are Cyber terrorism, Malware, Trojans, Botnets, Adware, SQL injection, Phishing, Man-inthe-middle attack, Denial of Service, etc.

Thirty years of history have shown us that cyber risk is difficult to understand, problematic to hedge, only likely to grow, and characterized by a continually changing threat environment. Tomorrow's cyber attacks may not look much like today's - as evidenced by 2020's spate of ransomware compared to the breaches of 2015 to 2017.

Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from cyber-attacks.

Some of the best practices include:

Using two-way authentication

Securing passwords

Installing regular updates

Running antivirus software

Using firewalls to disable unwanted services

Avoiding phishing scams

Employing cryptography, or encryption