Cyber Risk – Ransomware – Cyber Extortion

Almost every call I get from my bank clients involves cyber insurance.

We talk about how the bond responds, how cyber liability insurance responds and how property insurance responds. We talk about the move of coverage for ransomware attacks from the bond to cyber liability. We talk about trends in the coverage and what I see happening in the next few years.

A client told me the other day that when he talked with his agent there was more heat than light. When he talked with me he got more light.

Give me a call to talk about your bank’s exposures and concerns. I’m glad to provide some light.

Here is an info piece Travelers is providing to clients – some light here too.