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Protecting Your Company from an Internal Cyber Attack

Cyber attacks from hackers and other external sources get a lot of media attention. However, the possibility of an attack from within the company is just as real, and you may not be covered for the damages.

Cyber liability policies are relatively new and are constantly evolving to meet new and changing threats. Policies may have a gap in coverage when the cyber attack is internal rather than external, meaning you would not be covered for any subsequent damages. Some policies may outright exclude coverage for an attack stemming from unauthorized use or access of data by any employee, and some may have an exclusion just for a specific group of insiders.

It is important to be sure you are completely covered in the event of a cyber attack, whether the attacker is an inside or outside source. Consult with your broker at Warren G. Bender Co. to go over your policy and look for any gaps in your coverage

Filed under: Cyber Liability — Jillian Bender-Cormier @ 6:18 pm November 20, 2014