“‘We went through cyber insurance and also crime insurance and between the two out of the $312,000 fraudulent … we’re recuperating $307,000, so though there will be a $5,000 loss to the district,’ she explained during the business manager reports period. ‘But thankfully, that’s a lot less than we anticipated that it could have been.'”
Source: NPS fell victim to cyber scam – InsuranceNewsNet
Mark Sauter
Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.
