Email: Password:
Forgot Password

News Archive

Back to List Back to list
Previous Article Next Article

Enhanced cyber offering

19 Jun 2017

Underwriting agency Dual has introduced a $250,000 sub-limit for social engineering, phishing and cyber fraud under its cyber product.

“The cyber risks society faces are constantly evolving, where an exposure such as this was not even identified two years ago,” Dual says. “This cover will now be excluded under a [management liability] policy because we believe this exposure is more appropriately dealt with via a cyber policy to ensure a seamless cyber cover.”

Dual has also reduced minimum premiums on its standalone cyber offering for businesses with less than $3 million annual turnover.

“These changes have been made to ensure we continue to improve new business take-up of cyber policies for this particularly price-sensitive section of the market,” Dual says.

 

What is Social Engineering?
Social Engineering is effectively the use of deception to manipulate individuals into divulging confidential or personal information that may be used for fraudulent purposes. 

A common example is where a person receives a phishing email which is a clever, authentic-looking email aimed at tricking individuals into disclosing sensitive information or carrying out tasks through deceptive means. They can include malicious links, attachments or redirection to a fake website that requests information. The email looks like it has come from a legitimate sender such as your colleague, organisation, supplier or vendor.

 

The  White Papers section of our web site  has a paper on social engineering attacks.  The paper looks at three types of this growing problem. 

Previous Article Next Article

 

Professional IQ

Professional IQ College

Workshops, Online courses, webinars and Qualifications. For upcoming events         click here


Latest Papers:

Closing the Gap - Insuring your business against evolving cyber threats

iNavigator iNavigator Media Center
Provides access to a wide range of industry related media resources


Covernote Cover Note
IBANZ quarterly magazine for the latest on the intermediated insurance market.


Gary's Blog Gary's Blog
Comment on current issues.




© Copyright IBANZ, all rights reserved. Private information collected for this website is governed by our Privacy Policy. Read our Terms & Conditions
Powered by streamSWEET CMS