Cyber Security & Insurance both provide protection & both have an infinite number of Products.
The Most Common Question I get from clients wanting to buy insurance is “Sell me a Product which covers it ALL”. The truth is that there is a large number of Products Covering specific needs. Since ALL or EVERYTHING is hard to Price & define, there are no products that cover it ALL. Hence, there are a few named Perils that Insurance provides protection against.
In-process to cover it ALL, people may end up paying huge sums of Premium. It is always advisable to retain some risk & not transfer it all to the Insurers. Similarly, I have not come up with an Anti-Virus Brand that has a product that can protect EVERYTHING.
Cyber Security products can be broadly categorized into:
Security Products.
Privacy Protection Tools.
Performance-enhancing Tools.
Security Products provides:-
Anti-Malware Protection: Malware is a term for any type of “malicious software”.
Types of Malware:-
Virus: A computer virus is a self-replicating, malicious program or piece of code that enters your device unethically without your knowledge or permission.
Ransomeware: (blackmails you): It typically works by locking or denying access to your device and your files until you pay a ransom to the hacker.
Spyware (steals your data): collects information/ data. It can be anything ranging from the type of device or network, person’s internet activity, login credentials, credit card numbers, financial information, etc.
Trojan (Installs Malware) malware infiltrates a victim’s device by presenting itself as something else.
Others: Adwares (spams you with ads), Bots, Worms.
Checks for Fake, Phishing & Unsafe Websites.
Stop remote access attacks.
Privacy Protection Tools provide the following services:-
VPN Services: Hide your online activity, Secures while using public wifi & provides access to Worldwide content.
Anti-track Services: Disguises your online identity.
Alert for Breach: Alerts you if your Login details have been compromised.
Performance-enhancing Tools:-
Tools to Improves Performance of computer.
Tools to Optimize Battery
Tools to Update Drivers & Apps.