I came across a defined term in a cyber policy today that I don’t recall seeing previously – reverse social engineering. It refers to the intentional use of an insured’s computer system to mislead or deceive a client or vendor and results in the client or vendor transferring money intended for the insured to another person or entity.
Cryptojacking Claims Are on the Rise
Similar to a crime policy that can afford claims expense coverage to cover the costs of a forensic accountant to prove the amount of loss incurred by an insured, cyber liability policies can include similar coverage. It is often referred to as proof of loss coverage on cyber policies; although it certainly can vary given […]