Because cyber risks are deep and potentially disastrous, insurance agents and brokers are increasingly tasked with counseling clients about how to contain them.
Because cyber risks are deep and potentially disastrous, insurance agents and brokers are increasingly tasked with counseling clients about how to contain them.
When loss occurs, policyholders in new or evolving industries often discover gaps in the coverage offered by their legacy products, leading to costly disputes with their insurers.
Experts say liability for the theft could fall on the processors of the debit cards used to perpetrate the crime, and make it difficult for other financial institutions to get cyber insurance coverage.