Tag Archives: claims

FUNDS TRANSFER FRAUD – OLD TRICKS, NEW TACTICS

Social engineering involves the use of deception to manipulate individuals into carrying out a particular act, such as transferring money, handing over confidential information or clicking on a malicious link, and it’s causing serious financial harm to businesses all around the world. According to the FBI, between October 2013 and… Read more »

Cyber Claims Case Study: Reputational Repercussions – Online Retailer Grapples with Data Breach

This month’s cyber claims case study tells the story of an online retailer that had to notify over 90,000 customers following a breach of credit card details, leading to a damaged reputation and subsequent income loss. To find out how our policy responded, read the full case study here. The… Read more »

Cyber Claims Case Study: Beyond the breach – hospital faces huge operational disruption

Healthcare providers, like any business, are exposed to a range of cyber exposures, including malware attacks, which can have a devastating impact on their operations, especially in relation to system damage and business interruption costs. In this month’s cyber claims case study we have reviewed a malware attack at a small hospital and how our policy… Read more »

Cyber Claims Case Study: The importance of cover for data re-creation

Cyber risk often touches companies in unexpected ways. In May 2017, an engineering firm learned this when it lost access every last piece of data it held. This included all of the firm’s technical drawings, prints and complex design specifications. We’ve created a in-depth case study about the event and… Read more »