Cyber Insurance: Essential Shield for Digital-First Indians Amid Soaring Cybercrime
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News18•28-01-2026, 18:15
Cyber Insurance: Essential Shield for Digital-First Indians Amid Soaring Cybercrime
- •Cybercrime losses in India surged by 206% year-on-year to INR 22,845.73 crore in 2024, highlighting the urgent need for robust digital protection.
- •Cyber insurance offers comprehensive protection against identity theft, unauthorized financial access, and covers legal costs to prosecute cybercriminals.
- •Policies like SBI General's Cyber VaultEdge provide expert IT support for data restoration, psychological counseling for victims, and compensation for lost wages due to identity theft.
- •Family coverage extensions ensure that spouses and dependent children are also protected, offering a robust safety net for the entire household.
- •With India's rapidly expanding digital ecosystem, cyber insurance is crucial for navigating online activities with confidence and peace of mind.
Why It Matters: Cyber insurance is vital for digital-first Indians, offering comprehensive protection against rising cybercrime and financial losses.
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