If not, you could be up for thousands of dollars worth of costs.
If you have a website or use make card transactions you could be exposed !!
The CFO fell victim to a fraudulent email supposedly from the compromised CEO's account, leading to a transfer of funds to a third-party account. Despite later discovering the email was fake, the transfer couldn't be halted. The insurance covered forensic investigation, response costs for securing the email system, and compensated for the financial loss incurred under Cyber Theft coverage.
The CFO was tricked by a fake email from the CEO's compromised account, resulting in a fund transfer to a third party. Although the email's falsity was realized later, the transfer couldn't be stopped. Insurance covered forensic investigation, response expenses for securing the email system, and reimbursed the financial loss through Cyber Theft coverage.
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