Micro Cyber Liability, A Hudson Excess and NeitClem Exclusive Program
Virtually any individual or organization that maintains a website, conducts business online, or collects, stores, or processes customer information is exposed to potential cyber threats. Having an online presence creates an entry point for cybercriminals, regardless of the size or nature of the business. Anyone who operates a website inherently exposes it to a variety of cyber risks. These may include website intrusions, ransomware, phishing, business email compromise, data breaches, payment card fraud, and unauthorized access to customer information. Online websites can be particularly attractive targets because they routinely handle sensitive customer data, payment information, order histories, and other confidential business information. Even a relatively small cyber incident can result in business interruption, financial losses, regulatory obligations, reputational damage, and potential liability to customers or third parties. No one has to be a technology company to have meaningful cyber exposure. Its reliance on an online retail platform makes cybersecurity and Cyber Liability Insurance important considerations in protecting its operations, customers, and financial interests. www.neitclem.com Binance’s $6.3bn hack began with a fake job offer, and it had no cyber cover https://www.insurancebusinessmag.com/us/news/cyber/binances-6-3bn-hack-began-with-a-fake-job-offer-and-it-had-no-cyber-cover-596035.aspx?hsmemberId=982756&tu=&utm_campaign=&utm_medium=20261109&_hsenc=p2ANqtz--BfQ4jlbhDyPbsYNhbv2w-4RdrcMAmyfSeuSVfVW0cUteYZEGQOUQjMSDUJEN72BXmm411uObw-0onQ8B7HdT032b3xw&_hsmi=448332995&utm_content=&utm_source= Impersonation fraud surge exposes gaps in standard cyber cover https://www.insurancebusinessmag.com/us/news/cyber/impersonation-fraud-surge-exposes-gaps-in-standard-cyber-cover-595787.aspx?hsmemberId=982756&tu=&utm_campaign=&utm_medium=20261109&_hsenc=p2ANqtz-98GnvwhYn-aLu3vrb_dkDj1AMxYWafqG1-ViarPvn9GoHvmerM55cn7MZxJAIYYtEUnlK6yPCeaRH24A-FIvpqJinnvA&_hsmi=448332995&utm_content=&utm_source= Your clients think cyber covers their AI risk. Most of the time, it doesn't https://www.insurancebusinessmag.com/us/news/cyber/your-clients-think-cyber-covers-their-ai-risk--most-of-the-time-it-doesnt-595490.aspx?hsmemberId=982756&tu=&utm_campaign=&utm_medium=20261109&_hsenc=p2ANqtz-86dc-n6_20FaSac1oQMEP9-DCQuOFWfBv6BlM3fhn-48WTZwBCTLL4tWNSemU-3N-iIpa39JQK9zd22PqVl5D72l0YNA&_hsmi=448332995&utm_content=&utm_source=