One of the most significant risks policyholders face in 2026 is the risk of loss caused by infiltration of their computer systems or manipulation of their employees through the use of computers.
Bad actors such as hackers and fraudsters target both large, sophisticated companies with cyberattacks in the pursuit of huge monetary transfers, and small businesses in the hopes that their systems are more easily hacked, or their employees are more easily manipulated to provide confidential information.
Not only are these cyber events becoming more common — it is also becoming far more difficult to track the bad actor, meaning that cyber insurance is becoming more and more important as a significant source for reimbursement for these bad acts.
And while claims for coverage for social engineering and fraudulent fund transfer by bad actors are becoming more prevalent, it is important to remember that cyberinsurance should cover unintentional computer system loss as well, such as a network disruption and data leaks. Every policyholder should evaluate the options for cyber coverage and be prepared to maximize coverage in the event a claim arises.
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