In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the funds and other benefits?
1. Cost of restoration of the computer system in case of malware disrupting access to one's computer
2. Cost of a new computer if some miscreant wilfully damages it, if proved so
3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion.
4. Cost of defence in the Court of Law if any third party files a suit
In India, cyber insurance covers (generally) the following - Identity theft - Cyber-bullying and cyber-stalking - Cyber extortion - Malware intrusion - Financial loss due to unauthorized and fraudulent use of bank account, credit card, and mobile wallet - Legal expenses arising out of any covered risk - Social Media Cover - Phishing Cover - E-mail Spoofing - Media Liability Claims Cover - Cyber Extortion Cover - Privacy Breach and Data Breach by Third Party. Cyber insurance generally focuses on damages caused by cyber threats or electronic incidents, not physical damage to devices. Hence, statement 2 is incorrect. Hence only options 1, 3, and 4 are correct.