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

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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.

 

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.
 

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

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

1. The Rising Tide: Business Email Compromise and Ransomware Severity

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.
 

3. The Daily Evolution of Cyber Threats: From Ransomware to Wire Fraud

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