Insurance
A security manager should consider insurance as one of the important factors to minimize the impact of loss due to incidents. Insurance can be obtained to recover losses. The following are some relevant types of insurance coverage:
- Insurance to cover damage to IT equipment and facilities
- Insurance to cover damage to computer-related media
- Insurance to cover damage on account of cyberattacks
- Insurance to cover third-party claims and liability
- Insurance to cover loss of profits due to business disruptions
- Insurance to cover legal liability arising from errors and omissions
- Insurance to cover financial loss due to fraud or dishonesty committed by employees (fidelity insurance)
- Insurance to cover damage to media in transit
Key Aspects from the CISM Exam Perspective
The following are some key aspects from the exam perspective:
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