KnowBe4 - Gone Phishing: Travelers Claims Plan Doesn’t Cover Cyber Losses

Phishing-Test-1

Daniel R. Stoller at Bloomberg Law had an excellent observation about the risks of phishing related to general crime policies.

Here is a short excerpt and the whole article is warmly recommended: "The Travelers Cos. will argue May 2 that cash payments made in connection with a phishing attack aren’t covered [emphasis added] under a general crime insurance policy.

"The litigation before the U.S. Appeals Court for the Sixth Circuit highlights issues facing companies that seek to use broad insurance policies to regain losses after a phishing scheme—a cyberattack where hackers use email credentials to trick others into sending sensitive information or cash payments.



from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/gone-phishing-travelers-claims-plan-doesnt-cover-cyber-losses

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