An Analytical Study of the Evolution of Cyber Insurance in India: Addressing Coverage Gaps in Cybercrime and Data Breaches
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Date
2025-06
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National Law University and Judicial Academy, Assam
Abstract
India's hasty digital growth has exposed citizens and companies to an increasing flood of cyber
threats; however, the nation's readiness to protect against these financially is still weak. While
cyber insurance has received international acclaim as a vital risk management tool, its usage in
India—especially among citizens and small to mid-sized businesses—is still low. Such
underinsurance arises largely because of large gaps in existing policies, which usually do not
cover the entire gamut of contemporary cyber threats like identity theft, ransomware, phishing,
and social engineering attacks. Added to this is the absence of regulatory standardization,
inadequate consumer awareness, and the lack of suitably designed insurance products adapted
to the Indian environment.
Description
Dissertation submitted to National Law University and Judicial Academy, Assam in
partial fulfilment for award of the degree of
MASTER OF LAWS/
ONE YEAR LL.M. DEGREE PROGRAMME
Submitted by:
Mehuli Mishra
SF0224021
LL.M. (2024-25)
Supervised by
Mr. Ankur Madhia
Assistant Professor of Law