What is bricking in cyber insurance?
In cyber insurance, “bricking” refers to a scenario where a cyber attack or other incident causes damage to a computer system or device to such an extent that it becomes completely unusable, essentially turning it into a “brick.” This can be a serious problem for businesses and individuals who rely on their computer systems to perform critical functions, such as processing transactions, storing data, or providing services to customers.
In the context of cyber insurance, bricking is an important risk to consider, as it can result in significant financial losses and business disruption. Many cyber insurance policies provide coverage for bricking, although the specific terms and conditions of coverage can vary widely between policies and insurers. It’s important for businesses and individuals to carefully review the terms of their cyber insurance policy to ensure that they have adequate coverage for bricking and other cyber risks.
Read more: How Bricking Coverage in Cyber Insurance Safeguards Your Business