Cyber liability claims are being denied because policyholders can’t prove they’ve met the terms of their policies by making ongoing efforts to minimize threats. To ensure payouts, companies need compliance management and reporting that meet their cyber insurance policy terms. That’s why it’s critical to make sure you’ve dotted your “i”s and crossed your “t”s […]
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Cyber insurance continues to be a hot topic…and a hot commodity. According to a recent article in The Harvard Business Review, “The severity of financial consequences has been profound. Ransoms have rocketed from five-figure price tags into the millions, including $10 million reportedly paid by Garmin. Several ransom demands were far higher before being negotiated […]
Read More Cyber Liability Insurance is a great asset and offers you and your clients security if a breach occurs…if you and your client have done the homework and vigilantly recorded the work that’s been done, there’s a far greater chance the insurance provider will pay. Make sure you work with customers by following these basic instructions: Educate […]
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After an incredibly damaging and costly run of high-profile cybercrime, many businesses may be relieved to learn they can purchase some protection in the form of Cyber Risk Insurance. With so many companies having their data held hostage, who wouldn’t be a little scared that they might be next? But like every product category that […]
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Companies are rightfully fearful of cyberattacks. Breaches, malware, bots, viruses and ransomware make regular appearances in the headlines and cost companies millions of dollars while damaging reputations and shaking consumer confidence. Billions of accounts have been compromised in recent years, and the costs keep adding up. Companies lose customers and revenue with every attack. Each […]
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