There ya go. I doubt that such cheap insurance they opted for is nothing more than a slot machine where concerns financial security computer safety. The more these crop up, the more attention and press comes out from them, maybe just maybe some finance institutions will demand proof of high safety track records instead of going for the easy transaction and taking chances. On the other hand, the solid insurance companies who are serious on protecting finance institutions from such intrusions, are going to have to make some sort of provision available to their respective businesses in the event their security breaks down and the losses are on such a grand scale. Thanks Lone Ranger for raising this report.
What Does Cyberinsurance Actually Cover? After a bank lost $2.4 million to hackers, its cyberinsurance company offered it $50,000. July 30, 2018 https://slate.com/technology/2018/0...ay-out-full-amount-to-bank-after-hacking.html
