Businesses accepting debit and credit cards as a method of payment have an exposure to cyber attacks during the financial transaction process. The Target breach last year has been highly publicized because of its magnitude, obscuring the fact that cyber criminals are...
For over a decade, cyber insurance has been on the market, and over that time, a predictable pattern of obstacles to the coverage’s sale has emerged. There is also a typical order in which the obstacles occur. In previous articles we said that a client might first...
For SMBs, best IT security practices are important, but the final mile of good risk management is buying cyber liability insurance. The insurance market is soft right now, so buying coverage is a no-brainer. Most SMBs are not dealing with the bare basics of loss...
As we mentioned in Part 1 of this series, cyber coverage has been on the market now for over a decade, and a predictable pattern of obstacles to the sale, and the typical order in which they occur, have emerged. The first objection is, “A breach won’t happen to us.” ...
Most agents and brokers have had some opportunity to sell or speak to clients and prospects about Network Security and Privacy Coverage (Cyber). After over a decade of selling cyber coverage, a pattern of obstacles to the sale and the typical order in which they...
