Does Your Insurance Fully Cover a Cyber Attack? Maybe Yes, Maybe No!
Given the prevalence of spoofing, phishing, hacking and ransomware attacks, all businesses need to have appropriate cybersecurity insurance. But, will it cover you when the attack hits and for what? Sometimes yes, sometimes no and sometimes maybe!
March 04, 2024 at 10:00 AM
11 minute read
Given the prevalence of spoofing, phishing, hacking and ransomware attacks, all businesses need to have appropriate cybersecurity insurance. But, will it cover you when the attack hits and for what? Sometimes yes, sometimes no and sometimes maybe!
The below cases make all too clear that counsel needs to review your insurance coverage in an attempt to make sure that your insurance covers as many contingencies as possible. What may appear on the surface of a policy to cover the dastardly deed a bad actor may inflict upon your company, it just might not!
The factual scenarios below are all so common and you have read about them in the media. These commonplace scenarios mandate that the following questions, among others, need to be looked into before you get hit by a cyber-attack:
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