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A new court ruling could affect cyber insurance policy exclusions and insureds could assume more costs in the event of a loss. The ruling underscores the fact that cyber insurance is no substitute for cyber defense.
Insurance pros should review relevant cybercrime coverages with their commercial clients, Lockton suggests.
The conflict in Ukraine has led many to believe the "War Exclusion" needs to be updated for the modern era.
Increased awareness of security problems doesn't always translate to more secure behavior.
However, insurance and financial services continue to be among the most attacked industries.
Coverage was initially denied because the plaintiff never "held" the funds.
Cyber policies have become a sort of Frankenstein monster, with coverages pieced together to address a growing set of property and liability risks.
AI and crowd-sourced intelligence can be a game-changer at detecting phishing attacks in real-time.
Review the five myths that might be leaving your commercial clients vulnerable to a cyberattack.
Thinking like a criminal trying to get into your home or organization can help identify vulnerabilities.
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