In a recent letter to insurers, the New York State Department of Financial Services (“NYDFS”) acknowledged the key role cyber insurance plays in managing and reducing cyber risk – while also warning insurers that they could be writing policies that have the “perverse effect of increasing cyber risk.” If a cyber insurance policy does not … Continue Reading
As you work to finalize your cyber insurance riders or supplemental policies, it’s important to pay attention to the language around what is specifically covered. To ensure you’re receiving the coverage desired, the first step is to understand the difference between hacking and phishing, and how this is being applied to your policy, and to … Continue Reading
