India's first ever insurance cover for individual victims of cybercrime!

Well, this is been something a phenomenal move by an Insurance Company, who have sanctioned an insurance cover against an effect of the cybercrime which covers identity theft, phishing, and malware attack, cyberstalking and extortion and online fraud.

By customizing the liabilities… by the Bajaj Allianz General Insurance has made a cover for business which would be involved in the protecting it for years… thus having an objective for comforting individuals over e-commerce site and internet.

As quoted by Tapan Singhel, MD, and CEO of the firm, “This cover is the first of its kind planned remembering the changing danger profile of the shopper. A few decades back the greatest hazard was having your pocket picked. These days covers against pickpockets don't help when the greater hazard is of cybercrime”

Further, you can hit on the below link for more details:

Report on India's first ever insurance cover for individual victims of cybercrime

Cheers!