by Kelli Young | Nov 18, 2024 | Cyber Liability Insurance
In recent years, a growing number of organizations have implemented stronger cybersecurity measures, including multifactor authentication (MFA). This method requires a user to present two or more unique credentials, such as a password and an additional security code,...
by Kelli Young | Oct 21, 2024 | Cyber Liability Insurance
Coverage for Social Engineering Attacks (Crime vs. Cyber Insurance) In the context of cybersecurity, social engineering refers to a cyberattack method in which a cybercriminal preys on key human behaviors (e.g., trust of authority, fear of conflict and promise of...
by Kelli Young | Oct 14, 2024 | Cyber Liability Insurance
Social engineering refers to a cyberattack method in which a cybercriminal preys on key human behaviors (e.g., trust of authority, fear of conflict and promise of rewards) to obtain unwarranted access to targets’ technology, systems, funds or data. These attacks can...
by Kelli Young | Oct 7, 2024 | Cyber Liability Insurance
Cybersecurity events can lead to businesses sustaining substantial financial and reputational damage. Recovering from these incidents can also be complicated and lengthy. These significant impacts demonstrate the need for organizations to navigate cyber incidents...
by Kelli Young | Sep 16, 2024 | Cyber Liability Insurance
When cyber incidents strike, organizations need to respond swiftly and effectively to limit related losses. As such, it’s crucial for organizations to adopt detailed cyber incident response plans. These plans should outline specific steps organizations can take to...
by Kelli Young | Sep 9, 2024 | Cyber Liability Insurance
In February 2024, hackers initiated a cyberattack against Change Healthcare, a leading health claims processing provider in North America that processes approximately 15 billion health care transactions annually. The attack created widespread disruption of health care...
