In today’s world it is important to be globally present. Thus, for this, connectivity is essential. This connectivity is established by various networks. The relationship of the internet and digital modes is inevitable. With this digitalisation, data breaches also become unavoidable. This is not just applicable to the corporate class it is also applicable to the common man. Therefor cyber risks are universally prevalent and to curb these risks and attacks we need a strong backbone. Many security software have been developed over time, but these do not help mitigate the risks immediately. Then how do we protect and secure such risks? The answer is cyber insurance. It covers a business and an individual’s cyber risks and the data breaches that may arise over time. What do they cover?