Tag Archives: cyber

Beware the data breach bear trap

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Over the course of 2018, we have seen numerous pieces of data breach legislation come into force. Back in February, the Australian government enacted the Notifiable Data Breaches Act. In May, we saw the introduction of the EU’s General Data Protection Regulation (GDPR). In June, Alabama’s Data Breach Notification Act… Read more »

Business interrupted: Part one

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Today, business interruption in cyber insurance policies is back in a big way. To explore this growing risk, we’re running a three-part blog series on the subject exploring the many ways in which BI cover is essential for modern businesses, and key things brokers and clients should look out for…. Read more »

Cyber claims case study: Software shutdown

This month’s cyber insurance claims case study tells the story of a property management company that fell victim to a ransomware attack, putting an end to their primary software system. Fortunately, their CFC cyber insurance policy helped to cover the costs of implementing a new software system, including large-scale data… Read more »

CFC wins four at the Cyber Rankings Awards

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Last week, CFC attended the second annual Insurance Insider Cyber Rankings Awards in London. Based off the results of the publication’s Cyber Rankings Survey, these awards recognise the achievements of the market’s rising stars, most skilled practitioners, and most highly regarded companies. We’re proud to announce that CFC won in… Read more »

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 »

Webinar: Top Cyber Insurance Myths Debunked

Today, Lindsey Nelson, International Cyber Team Leader at CFC, held a webinar on debunking the top six cyber myths. We explored common cyber insurance misunderstandings and objections we hear from clients, and how to overcome them. We also have a handy article you can download here. UPCOMING CYBER WEBINARS: UK |… Read more »

THE TOP 6 CYBER INSURANCE MYTHS DEBUNKED

Cyber is one of the hottest topics in insurance and, as a line of business, it’s projected to experience phenomenal growth in the years ahead. But cyber is still a relatively new market, and can be made unnecessarily complex by industry jargon, buzzwords of the day, and a lack of standardization in policy… Read more »