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 1

Correct option is (b) 1, 3 and 4 only

If you make the word Association that cyber insurance means something that arises out of this internet related cyber security challenge then the second statement is difficult to digest, that if your personal enemy / neighbour's kid/ex-husband/wife physical damages your computer.' Insurance firm will pay the cover for that. So, #2 is wrong. By elimination the answer should be "B".