Ransomware and Insurance

Learn the complexities of ransomware risk and how it is evolving. Find out how attacks happen, the potential financial damage, and what to look for when buying insurance coverage. Includes policy analysis and real case examples. A course for everyone facing ransomware risk – especially insurance buyers and insurance professionals.

Ransomware and Insurance course
Pointers

What You Will Learn

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Ransomware risk

What is ransomware, how is it evolving and what damage can it do?
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Insurance

Where to look for coverage, how does it work, and what are the limitations?
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Claims

What does a claim involve and how can you reduce the chance of a claim?
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Informed buying

How does the buying process work and what to look for in a policy?

Learning Objectives

Upon completing this course you’ll be equipped to:

  1. Explain what ransomware is and the nature of the risk;
  2. Analyze the ransomware coverage offered by a cyber insurance policy;
  3. Take steps to improve your organization’s ransomware preparedness;
  4. Describe what to do and expect in case of a claim; and
  5. Make well thought out buying decisions.

Course Curriculum

  • Welcome
  • Course objectives
  • Course resources
  • Chapter introduction and objectives
  • What is Ransomware?
  • Terminology – the attack
  • How do ransomware attacks happen?
  • How do criminals select their targets?
  • The financial damage
  • Ransomware example
  • What are the chances I’ll be a victim?
  • Will I be targeted?
  • Quiz – Ransomware and Risk
  • Chapter introduction & objectives
  • Ransomware – risk and loss
  • Ransomware coverage on a cyber policy
  • What’s not covered
  • Ransomware and insurance limitations
  • Other limitations
  • Quiz – Ransomware and Insurance
  • Chapter introduction & objectives
  • Ransomware preparedness – secure
  • Ransomware preparedness – plan
  • Ransomware preparedness – insure
  • Quiz – Combating Ransomware
  • Chapter introduction & objectives
  • Claims reporting requirements
  • Claims for first-party loss
  • Claims for third-party loss
  • What to expect in the claims process
  • How do ransomware insurance claims work?
  • Quiz – Ransomware Claims
  • Chapter introduction & objectives
  • What to buy
  • Buying cover for ransomware
  • Choosing coverage
  • What to expect in the application process
  • Understanding the insurance application
  • Quiz – Buying Ransomware Insurance
  • Course Wrap-Up
  • Course Survey
  • Ransomware and Insurance Final Assessment

Testimonials

Aja Washington, Adjuster

Excellent course!

Recommend to all.

5/5
Hany Abboud, Manager, Broker

I really found the Cyber Course very interesting. It made me understand the rationale behind the increased demand for Cyber Insurance, comprehend claims scenarios and relate to policy coverage. It was also very beneficial to go through terminologies and definitions pertinent to the Cyber world.

5/5
Senior Underwriter, Canada

I’ve been in the industry for nearly 15 years and even I learned some things in this course! It’s a straightforward and intelligent way of presenting a complex issue. Not a small feat. Everyone will find this course helpful, no doubt.

5/5

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Ransomware and Insurance

$150.00
5 star rating

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