Instant Insights / October is National Cyber Security Awareness Month

Insurance companies are expecting cyber-related losses across all business lines over the next 12 months.


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Insurance companies have argued that some cyber attacks are ‘indirect losses’ and should not be covered by crime insurance. (Photo: Shutterstock)

If you suffer a theft at the hands of a cybercriminal, promptly check your insurance protection — particularly your crime insurance. Two major federal court cases decided this month reaffirm the protection many policyholders already have available to them for cyber scams. With cybercrime rampant, policyholders should remember that there may be a number of insurance products they purchase (or can purchase) that provide cyber loss protection.


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