Cyber Insurance Blog

As businesses’ reliance on technology has increased, so has the risk of cyber attacks. Accordingly, insurance coverages have been forced to change. While cyber policies once provided basic coverages such as liability of a third-party breach, they today provide comprehensive coverage for a massive range of claims. The term “cyber liability” doesn’t carry the same meaning it once did. In…

More businesses of all sizes are considering cyber liability insurance. As you serve your clients, you may often be asked, “What will cyber liability insurance cost?” Businesses’ budgetary concerns are understandable and important. They should be asking how much it would cost them to try to survive the legal costs, regulatory fines, recovery costs, and other expenses a data breach…

The U.S. Justice Department posted a $5 million reward for information leading to the arrest of the head of cyber crime syndicate EvilCorp — an organization allegedly responsible for $100 million of cyber extortion from small businesses and consumers. Suffering an attack like those carried out by EvilCorp can interrupt business, compromise vital data, and result in costly regulatory penalties…