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Cyber insurance critical for small, medium enterprises

India’s Small and Medium Enterprises (SMEs) and Micro, Small, and Medium Enterprises (MSMEs), which contribute over 28% to the country’s GDP, are increasingly susceptible to cyberattacks. Cyber insurance plays an essential role in providing affordable protection to these enterprises, covering the costs associated with data breaches and other cyber incidents. It also provides assistance for operational disruptions and reputation management after a cyberattack.

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