Cyber Vaultedge Insurance Plan: Your Complete Guide

In this article, we'll take a closer look at the Cyber Vaultedge Insurance Plan, a comprehensive solution designed to protect your business from the ever-present threat of cyber attacks. This plan is designed to cover the costs associated with a cyber breach, including data restoration, business interruption, and regulatory fines.

The Cyber Vaultedge Insurance Plan offers a range of coverage options to suit different business needs, including first-party coverage, third-party coverage, and cyber liability insurance. This flexibility allows businesses to tailor their coverage to their specific risks and vulnerabilities.

With the Cyber Vaultedge Insurance Plan, you can rest assured that you're protected against a wide range of cyber threats, including phishing scams, ransomware attacks, and data breaches. This peace of mind is invaluable in today's digital age, where a single cyber attack can have devastating consequences for a business.

Cyber VaultEdge offers protection against financial losses arising from cyber risks and attacks.

The pandemic has led to a significant increase in cyber security incidents, jumping to Rs. 14.02 lakh in 2021 from Rs. 2.08 lakh in 2018.

Losses due to cybercrime, ATM/debit card, credit card, and internet banking fraud were estimated at Rs. 63.4 crore in 2020-21.

Cyber VaultEdge covers unauthorized e-transactions, loss of wages resulting from identity theft, and instances impacting online reputation.

It also covers expenses incurred to restore data by availing services of any IT specialist.

The insurance plan reimburses individuals for expenses incurred to restore data and provides a range of benefits to protect individuals against cyber risks.

Cyber VaultEdge also covers consultation expenses of psychologists for trauma or stress arising due to cyber incidents.

The plan is designed to address the heightened risks that individuals face due to cybercrime and instances of reputation damage.

SBI General aims to secure individuals by minimising financial losses arising due to internet-based risk / cyber risks through a comprehensive and affordable product.

The SBI General Insurance Plan, specifically the Cyber VaultEdge, offers a comprehensive cyber insurance cover for individuals that provides protection against financial losses arising from cyber risks and attacks.

It covers unauthorized e-transactions, loss of wages resulting from identity theft, and instances impacting online reputation including social media trolling, bullying, and stalking.

The pandemic has led to a significant increase in adoption of digital infrastructure across services, making individuals more susceptible to new age emerging risks.

SBI General Cyber VaultEdge also takes care of any legal expenses incurred in pursuing or defending legal action against any third parties.

It reimburses individuals for expenses incurred to restore data by availing services of any IT specialist, ensuring the mental well-being of individuals by covering consultation expenses of psychologists for trauma or stress arising due to such incidents.

The plan aims to secure individuals by minimising financial losses arising due to internet-based risk/cyber risks through a comprehensive and affordable product.

According to CERT-In, cyber security incidents jumped to ₹14.02 lakh in 2021 from ₹2.08 lakh in 2018, meanwhile, the losses due to cybercrime, ATM/debit card, credit card and internet banking fraud were estimated at Rs. 63.4 crore in 2020-21.

The losses due to cybercrime, ATM/debit card, credit card and internet banking fraud were estimated at Rs. 63.4 crore in 2020-21, as per data published by private and public banks.

The Cyber VaultEdge Plan offered by SBI General Insurance is a comprehensive solution for your cybersecurity needs. It provides coverage against various cyber threats, including data breaches and hacking attempts.

The plan offers a range of features and benefits to protect your digital assets. This includes coverage for financial losses due to cyber attacks.

With Cyber VaultEdge Plan, you can enjoy peace of mind knowing that your digital assets are protected. It's especially useful for individuals and businesses that handle sensitive information.

The plan also includes coverage for expenses incurred while rectifying cyber attacks. This can include costs associated with notifying customers, managing crisis, and restoring systems.

Overall, Cyber VaultEdge Plan is a solid choice for those looking to safeguard their digital presence.