Securing the Future: A Strategic Framework for Cyber Liability Insurance
Primary Investigator:
Research Independant
Janith D'Alwis
Abstract
Abstract: With cybercrimes predicted to cost the world $10.5 trillion in 2025, this cyber liability framework is a crucial blueprint for businesses navigating the ever changing digital landscape. As cybercrime continues to become more sophisticated the financial repercussions for unprepared entities surge, underscoring the indispensable role of cyber liability insurance. This research delineates a comprehensive insurance framework tailored to mitigate financial losses, safeguard digital assets, and ensure business continuity. By incorporating a meticulous risk assessment, customized coverage options, and promoting cybersecurity best practices, the proposed framework addresses the multifaceted nature of cyber risks. This research provides a strategic pathway for businesses to shield themselves against the burgeoning financial and operational impacts of cyber threats, thereby securing their future in an increasingly digitized global landscape.