Table of contentsCybersecurity legislation in IndiaTypes of cyber risk coverage include:ExclusionsThe growing use and dependence on information technology in Business activities - while creating significant benefits in terms of productivity and efficiency - also entail significant risks. Among them are “digital security risks” which, when materialized, can disrupt business success by compromising the confidentiality, integrity and availability of information and information systems. It is widely believed that most businesses have been or will be affected by such “cyberattacks”. Companies across a wide range of industry sectors are exposed to potentially enormous physical losses as well as liabilities and costs resulting from cyberattacks and data breaches. Say no to plagiarism. Get a custom essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay Victims of recent attacks include well-known brands such as eBay, Target, Neiman Marcus, Michaels Stores, University of Maryland, NATO, JPMorgan. Chase, Adobe and Living Social.Cybersecurity Legislation in IndiaThe Information Technology Act, 2000 was passed and implemented on May 17, 2000. Subsequently, major amendments were made to the Cybersecurity Act, 2000. Information Act, 2000 by the Information Technology Amendment Act, 2008. Amendments have also been made in the Indian Penal Code, 1860, Indian Evidence Act, 1872, Book of Evidence Act, Bankers Act, 1891 and the Reserve Bank of India Act, 1934. Types of cyber risk coverage include: Data loss/corruption – Covers damage or destruction of valuable information assets. as a result of viruses, malicious codes and Trojan horses. Business Interruption – Covers loss of business revenue as a result of an attack on a company's network that limits its ability to conduct business, such as a denial of service computer attack. Coverage also includes additional expenses, medico-legal costs and resulting business interruptions. Liability – Covers defense costs, settlements, judgments, and sometimes punitive damages incurred by a business as a result of a privacy violation due to data theft (such as credit cards, data financial). or health data); Transmission of a computer virus or other liabilities resulting from a computer attack, which results in financial loss to third parties; Security failure that results in unavailability of network systems to third parties; provision of professional services on the Internet; Allegations of copyright or trademark infringement, defamation, slander, or other "media" activities on the Company's website, such as visitor postings on bulletin boards and in chat rooms. This also covers responsibilities such as visitor posts on bulletin boards and in chat rooms. This also covers liabilities associated with other companies' banner ads located on the site.Cyber ​​Extortion – Covers the "settlement" of an extortion threat against a company's network, as well as the cost of hiring a security company to track down and negotiate with blackmailers. .Crisis Management – ​​Covers costs related to public relations assistance or advertising services for.