Loss Trends in Cyber Liability Insurance Webinar
First-party cyber coverage protects against direct company losses including breach notification costs, forensic investigations, ransomware payments, and data restoration.
Despite ransomware's media prominence, wire transfer fraud emerges as a leading cybersecurity threat, with companies falling victim to sophisticated scams including deepfake tactics that result in million-dollar losses.
Wrongful data collection can make organizations liable for damages, highlighting the importance of implementing privacy by design principles and involving privacy officers in website technology decisions.
Business email compromise, increasingly severe ransomware attacks like Dark Angel targeting public companies, and persistent wire fraud continue to be prominent cyber threats requiring stringent security measures.
Wire transfer fraud is a form of cybercrime where criminals impersonate executives to request fraudulent wire transfers, sometimes using deep fake technology to make their impersonation more convincing.
