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?
How does a strong incident response plan improve a company’s chances of obtaining better terms during the cyber insurance application process?
Are claims related to system failures, such as outages or software errors, eligible for coverage under cyber insurance policies?
What types of exclusions are commonly found in cyber insurance policies, and how can businesses address potential coverage gaps?
Why are secure software development practices important for obtaining cyber insurance, and how do they reduce organizational risk?
What are “silent cyber” exposures in traditional insurance policies, and how can businesses address these risks with standalone cyber coverage?
Are denial-of-service (DoS) attacks covered under cyber insurance, and how do policies assist businesses in recovering from such incidents?
Are claims involving deepfake technologies, such as fake videos or manipulated media, eligible for coverage under cyber insurance?