Specific Industry Coverages
Two huge reasons why crime insurance is needed Travelers Insurance put out an excellent bulletin that describes the financial threats posed by funds transfer fraud and computer fraud, and the need for specialized Crime Insurance coverage. The Travelers coverage version,
Diligence is the key to preventing losses Since the 2008 economic decline, there has been a sharp rise in crimes by employees and third parties. Fueled by the fear of unemployment, workers are fighting back against their employers. They’re more
Insiders account for most cyber theft losses Outside hackers, whether domestic or part of criminal gangs in Eastern Europe and Asia, get most of the media attention. However, a bigger cyber risk is inside jobs by a company’s own employees.
Spammers and cyber thieves haven’t given up and gone home. Instead they are adapting to the times and stirring up trouble in other ways, targeting smart phones and social networks, which offer vast amounts of personal information. This is particularly
Overseas markets pose emerging risks For the first time, major international corporations are reporting higher fraud losses from electronic theft of data than from physical stealing of assets, cash and inventory. With 98 percent of businesses affected, China appears to have
The latest U.S. Cost of a Data Breach Study indicates a significant increase in not only the out of pocket cost of data breach incidents, but also the cost of lost business created by the turnover of customers due to