How will the new guidelines impact the cost of cyber insurance for Medical Professionals of India.

Here are the key factors

Risk exposure assessment: Insurers will carefully assess the risk exposure of medical professionals, considering factors like the sensitivity of patient data, the frequency of cyber attacks in the healthcare sector, and the security measures in place.

Security posture and protocols: The strength of cybersecurity measures adopted by medical professionals, such as encryption, access controls, and multi-factor authentication, will directly impact the perceived risk and, consequently, the cyber insurance cost.

Policy limits and deductibles: Higher policy limits and lower deductibles may lead to increased insurance costs for medical professionals.

Type of coverage: The extent and scope of coverage, such as data breach, business interruption, or ransomware protection, will affect the cyber insurance premiums for medical professionals.

Emerging cyber threats: As new cyber threats evolve, particularly targeting the healthcare sector, insurers may adjust premiums based on potential future risks.

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