Question
In India under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits?
1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer
2. Cost of a new computer if some miscreant wilfully damages it, if proved so
3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion
4. Cost of defence in the Court of Law if any third party files a suit
Select the correct answer using the code given below:
(a) 1, 2 and 4 only
(b) 1, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Answer:
B
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Explanation:
In cyber insurance for individuals in India, the following benefits are generally covered:
1. Cost of restoration of the computer system in case of malware disrupting access to one's computer: This covers the expenses incurred in restoring the computer system, such as removing malware, recovering data, and ensuring the system's functionality.
2. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion: This covers the expenses of hiring a specialized consultant or expert to minimize the loss and provide guidance in case of cyber extortion attempts.
3. Cost of defense in the Court of Law if any third party files a suit: This covers the legal defense costs if a third party files a lawsuit against the insured individual related to cyber incidents, such as data breaches or privacy violations.
The coverage for the cost of a new computer if it is willfully damaged by someone is not typically included in cyber insurance for individuals.