How do insurers assess a company’s third-party vendor risk management practices when determining eligibility for cyber insurance?
Questions & Answers Board – CyberSecurity Latest Questions
What specific considerations should financial institutions make when purchasing cyber insurance to address their high-risk profiles?
Are financial losses from cyber fraud, such as fraudulent wire transfers, fully covered by cyber insurance, and under what conditions?
Are denial-of-service (DoS) attacks covered under cyber insurance, and how do policies assist businesses in recovering from such incidents?
How does a strong incident response plan improve a company’s chances of obtaining better terms during the cyber insurance application process?
What role does threat intelligence play in demonstrating a company’s cybersecurity maturity during the cyber insurance application process?
Can businesses claim for losses caused by business interruption due to cyber incidents, and how are these claims typically processed?
Are malware infections, including ransomware or spyware, covered under cyber insurance policies, and what limitations might apply?
How do cyber insurance policies overlap with other insurance types, and how can businesses ensure they avoid duplicate or insufficient coverage?
Why is endpoint security important for obtaining cyber insurance, and how does it help reduce the risk of breaches?