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 bełow:

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YESPYQ · Accepted Answer

Correct answer: 1, 3 and 4 only. Statement 1 is correct: Cost of restoration of the computer system in case of malware disrupting access to one’s computer is generally covered under cyber insurance policies. If a malware attack disrupts access to your computer system the insurance can covers the expenses related to restoring the system to its original state. Statement 2 is incorrect: Cyber insurance policies do not cover physical damage to hardware. They primarily focus on digital and financial losses. If a computer is physically damaged by a miscreant, it would fall under general insurance or property insurance rather than cyber insurance. These insurance policies are primarily focused on addressing losses arising from cybercrimes affecting data and software. UPSC GS Paper-I PYQs 548 Statement 3 is correct: Cyber insurance often covers the cost of hiring cybersecurity experts, consultants, or negotiators to minimize financial and reputational losses in case of cyber extortion such as ransomware attacks. Statement 4 is correct: Cyber insurance policies often provide coverage for lega

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