4 Tips for Companies to Shield Against Phishing Scams
Law360
April 20, 2018
"4 Tips for Companies to Shield Against Phishing Scams"
Insurance recovery partner Tyler Gerking commented on questions some insurers are asking on social engineering coverage applications related to whether a prospective policyholder has any verification procedures in place.
In the article, Mr. Gerking said these sorts of application questions can be a "double-edged sword" for a policyholder. "From a general risk management standpoint, by asking these questions, carriers are encouraging insureds to engage in proactive risk management in order to decrease the likelihood of an incident," Mr. Gerking said. "However, these questions and conditions may increase risk the insured will make a mistake and fail to uphold these standards. That could be a trap."
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