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Judge rules businesses can sue insurers for coronavirus losses
The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.
COVID-19 has resulted in one of the largest work-from-home situations in U.S. history. As hackers discover new ways to exploit the security vulnerabilities created by the pandemic, cybersecurity is under new levels of stress, resulting in a substantial increase in cybersecurity risks for businesses.
In fact, as of the end of March, more than 1,200 complaints of COVID-19-related cybercrimes have been investigated by the FBI. Before the pandemic runs its course, the agency predicts that the number of cybercrimes, primarily email compromise schemes, are expected to double, along with damage costs due to phishing scams, ransomware attacks and insecure remote access to networks, according to an FBI Press Release.
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