This includes theft via phishing, account takeover, fraudulent transfers, or intrusions into financial or payment systems. Cyber insurance may cover losses from cyber theft, often under social engineering or cyber crime extensions, though coverage depends on policy definitions and whether specific endorsements are included. Insurers examine preventative controls such as multi-factor authentication, dual authorisation for payments, and access controls when assessing claims. The nature of the theft—whether it involved social engineering deception versus system compromise—may also affect which policy section responds.

This includes theft via phishing, account takeover, fraudulent transfers, or intrusions into financial or payment systems. Cyber insurance may cover losses from cyber theft, often under social engineering or cyber crime extensions, though coverage depends on policy definitions and whether specific endorsements are included. Insurers examine preventative controls such as multi-factor authentication, dual authorisation for payments, and access controls when assessing claims. The nature of the theft—whether it involved social engineering deception versus system compromise—may also affect which policy section responds.