Session Summary:

Many cyber losses still begin with familiar weaknesses: human error, delayed updates, incomplete planning and poor coordination with insurance partners. Yet the consequences continue to grow as threat actors exploit connected systems, third-party vendors and expanding data obligations. This panel will contrast persistent vulnerabilities with emerging incident patterns, identify where organizations most often lose time or leverage, and share practical lessons for recognizing new exposures before they become costly claims.

Learning Objectives:

1. Enable attendees to explain the most common cyber loss types

2. Enable attendees to advise insureds on who is most likely to be a target, how attacks progress, what the impact of the attack is, and how they insured should respond

3. Explain in detail the first party elements of claims resulting from ransomware (and pre-ransomware attacks), social engineering fraud, business email compromise, data incidents, and unauthorized access/disclosure

4. Explain in detail the third-party elements of claims resulting from ransomware (and pre-ransomware attacks), social engineering fraud, business email compromise, data incidents, and unauthorized access/disclosure

5. Break down attack victims, where possible, by industry, revenue, employee count, and loss value

Speakers:

Micah Hoffman, Cyber Claim Assistant Vice President & Counsel - Travelers

Sean Hoar, National Office Managing Partner & Chair - Constangy

David Kruse, Director, Insurance Alliances - Arctic Wolf