IndexCyber ​​legislation in IndiaTypes of cyber risk coverage include:ExclusionsThe growing use and dependence on information technology in business activities, while creating significant advantages in terms of productivity and efficiency. it also carries significant risks. These include “digital security risks” that, when they materialize, can disrupt business by compromising the confidentiality, integrity and availability of information and information systems. It is widely believed that most companies have been or will be affected by such "cyber" attacks. Companies across a wide range of industry sectors are exposed to potentially enormous physical losses, as well as liabilities and costs following cyber attacks and data breaches. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Victims of recent attacks include well-known brands such as eBay, Target, Neiman Marcus, Michaels Stores, the University of Maryland, NATO, JPMorgan Chase, Adobe, and Living Social. IT Legislation in IndiaThe Information Technology Act, 2000 was passed and made enforceable on 17 May 2000. Subsequently, major amendments were made in the IT Act2000 by the Information Technology Amendment Act, 2008. Amendments were also made in the Indian Penal Code, 1860 , Indian Evidence Act 1872, Banker's Book Evidence Act 1891 and Reserve Bank of India Act 1934. The types of Cyber ​​risk coverage include: Data loss/corruption: Covers the damage or destruction of valuable information assets as a result of viruses, malicious code and Trojan horses. Business Interruption – Covers loss of business revenue following an attack on a company's network that limits its ability to conduct business, such as a denial of service cyber attack. Coverage also includes extra expenses, forensic expenses and employee business interruption. Liability – Covers defense costs, settlements, judgments, and sometimes punitive damages incurred by a company as a result of a privacy breach resulting from the theft of data (such as credit card, financial data, or health data); Transmission of a computer virus or other liability resulting from a cyber attack, causing financial losses to third parties; Security failure that makes network systems unavailable to third parties; provision of professional services on the Internet; allegations of copyright or trademark infringement, defamation, slander, libel, or other "media" activity on the Company's website, such as visitor postings on message boards and chat rooms. This also covers liabilities arising from visitor postings on message boards and chat rooms. This also covers liabilities associated with banner advertisements from other businesses located on the site. Cyber ​​Extortion – Covers the “solution” of an extortion threat against a company’s network, as well as the cost of hiring a security firm to track down and negotiate with the blackmailers. Crisis Management – ​​Covers the costs of maintaining the assistance in public relations or advertising to rebuild a company's reputation after an accident. Coverage is also available for the cost of notifying consumers of disclosures of private information, as well as the cost of providing credit monitoring or other remediation services in the event of a covered incident. Criminal Rewards: Covers the cost of paying into a criminal reward fund for information leading to the arrest and conviction of a cybercriminal who attacked a company's computer systems. Violation of.