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...
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.” ...
A company that brokers reservations for limousines and other upscale private transportation options, CorporateCarOnline, was recently hacked, and the cyber bandits made away with a gold mine. According to Krebs on Security, which broke the story, over 850,000...
NOTE: Brian Brown is a guest author for INSUREtrust. He is an expert in cyber liability coverage, and has held a number of senior positions in the insurance industry for over a decade. He may be contacted by email at briandykerbrown@gmail.com or by phone at...
Small and medium-sized businesses (SMBs) typically perceive their cyber liability as less than that of huge publicly traded corporations. After all, there is a continual stream of news accounts these days about hackers breaking into a big company’s network, stealing...
Cyber espionage is a scary word that brings to mind images of national security threats by foreign countries. But cyber-espionage is not limited to large-scale attacks. In fact, according to Symantec, there was a 42 percent increase in cyber-espionage in 2012, with...
