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7. The Price of Unpreparedness: Legal Consequences of Inadequate Cyber Coverage

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Businesses without adequate cyber liability coverage risk bearing full financial responsibility for data breaches, potentially facing legal consequences from shareholders and other stakeholders.

 

8. Four Pillars of Risk: Key Factors in Cyber Insurance Underwriting

When underwriting cyber liability insurance, insurers must evaluate four key areas including organizational controls, risk management sophistication, external reputation, and overall business solvency.
 

6. The Relentless Wave: Major Software Attacks Show No Signs of Slowing

Cyber attacks on major software and high-profile targets are expected to persist, as evidenced by recent incidents.
 

2. The Coverage Spectrum: Understanding What's Protected Under Cyber Policies

Cyber liability policies typically cover ransomware attacks, system outages, business interruption losses, and associated costs for investigation, legal assessment, threat response, and customer communication.
 

5. The Art of Deception: Breaking Down Wire Transfer Fraud Coverage

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.
Copyright © 2024 A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.