Understanding Cyber Crime Policies and Pursuing Coverage

DATE: Wednesday, December 12, 2018

TIME: 2:00 PM - 3:00 PM

ORGANIZER: American Bankers Association

The risk of losses from data breaches, phishing attacks, ransomware, NotPetya and other malware, and newly evolving threats continues to increase.  A necessary piece to a risk management and response plan for a financial institution or financial services provider includes cyber and crime insurance policies.

Get an overview of the nature of the risks that haven proven to be real and warrant protective steps.  Standard coverages and exclusions that can be expected from a cyber policy and crime policy will also be discussed.  Last, this program will cover how to present a claim for coverage, what resistance or tactics to expect from insurance companies and how to overcome these refusals to pay full coverage.