Third-Party Liability (Cyber) refers to an insured's legal responsibility to compensate external parties harmed by cyber incidents, security failures, or data breaches for which the insured is liable. A cyber policy can provide coverage for these associated losses and typically includes legal defense costs, compensation payments, court judgments, and regulatory fines and penalties. Common events triggering liability include unauthorized data disclosure, system unavailability causing downstream losses, transmission of malware to third parties, and failure to meet breach notification requirements.
.webp)
.svg)
