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Reply to "Would you reimburse an employee who fell for a phishing scam?"
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[quote=Anonymous][quote=Anonymous]OP, how much was the loss? I think you said thousands, maybe give us a range — e.g., $1-3k, $3-7k, $7-10k. Does your company have an insurance policy covering cyber breach/eCrime? If so, it’s possible that you have some coverage for the loss there, but it would depend on the policy and you probably have a deductible/retention associated with it so it would have to be more than the deductible/retention amount. If you don’t have any kind of cyber coverage, you should talk to your broker about that because recovery from cyber breaches can be incredibly expensive.[/quote] Just re-read and saw where you said $2k. Even if you have coverage, that’s probably not much more than your retention, if not less.[/quote]
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