As social engineering attacks continue to proliferate, insurers are responding with specialized coverages to provide specific social engineering coverage. These coverages often are available as endorsements to Cyber, Commercial Crime, or Fidelity policies. Endorsement may be titled “Social Engineering,” “Fraudulent Funds Transfer,” “Fraudulent Impersonation,” “Business Email Compromise,” or something conveying a similar meaning.
Cyber insurance can be a lifeline for companies of all sizes, but particularly for SMEs. In my new ebook, I break down the coverages and provide a 5 step process to get the right coverage. It’s available now on Amazon.