Information Security

While most companies store customer data or process transactions, only 20% have cyber coverage.

Claims from the attacks are expected to focus on legal, forensic and clean-up costs.

Companies need to be strong and intentional when shaping their cyber protection approach.

The nature of cyberattacks has changed as more information is uploaded to the cloud and third parties play a greater role.

The high volume of unemployment claims in recent months may have opened a new door for bad actors online, according to HSB.

Cyber insurers now thoroughly examine a potential policyholder's security strategy, threat mitigation and incident response plans.

Recent court cases highlight the need for New York businesses to evaluate cyber coverage under crime policies.

According to the insurers, the exclusive program offers a 'new type of protection against cyber incidents.'