Webinar Highlights: The New Normal of Cyber Risk: How Cyber Insurance Has Been Impacted by Changing Global Events
Cyber coverage is an adjunct to prevention and detection, not a replacement.
The U.S. Department of the Treasury’s Office of Foreign Assets Control has complicated cyber issues by raising questions about the legality of paying some ransomware claims.
Paying ransomware claims does not have to run afoul of the law, but requires a clear paper trial and rationale.
The switch from offline to online is driving greater demand for cyber coverage.
Focused industries often run the risk of relying on a small pool of technology providers, which amplifies the effect of security breaches or software failures.