It's common for businesses to insure against the risk of losing their systems to natural disasters or power outages, but a new product allows you to insure against fraudulent use of IT and telephony, including cloud and internet-based services. San Francisco-based cyber insurer Coalition is launching Service Fraud coverage that reimburses organizations for the direct financial losses they incur as the result of being charged for fraudulent use of business services including Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Network-as-a-Service (NaaS), and telephony services. "It's a good time to be a cybercriminal," says Joshua Motta, founder and CEO of Coalition. "As the pace… [Continue Reading]
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