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.

News

Crime insurance may cover cyber fraud

U.S. 2nd and 6th Circuits find coverage for cyber fraud under crime policies, rejecting 'direct loss' argument.

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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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