Gone Fishin' - Insurance Coverage for Phishing Attacks

The good news on the cyber insurance product front is that insurance companies are eager to sell the protection, and favorable terms can be obtained if you know what to look for. The bad news is that the market still lacks any semblance of uniformity and many policies are confusing to say the least. This session will provide participants with the tools they need to purchase the coverage they need.  

After providing an overview of the most important coverages, presenters Peter Halprin, FCIArb and Aarti Soni will deliver ten tips for avoiding coverage traps and increasing the chances that the coverage granted covers actual risks. These include purchasing policies that cover evolving risks, time element losses, reputational damage, extortion and ransomware, PCI-related claims, breach of contract claims and data losses stemming from hacks on cloud and third-party vendor systems.

Learning Objectives:

1. Develop claims handling practices that maximize the likelihood of full recovery
2. Sync cyber coverage with CGL, property insurance, and crime insurance
3. Discuss ten tips for avoiding coverage traps