MPR Underwriting
MPR Underwriting
  • About
  • Team
  • Products
  • Insights
  • Resources
  • Contact
  • About
  • Team
  • Products
  • Insights
  • Resources
  • Contact
  • Linked in
  • Twitter
  • Data protection and privacy notice
  • Cookie Policy

Cyber Crime cover

  • Home
  • Insights
  • Cyber Crime cover

Factsheet

Cyber

    Cyber Crime cover from MPR Underwriting

    ‘Cyber Crime’ is generally accepted to be defined as:

    • Funds Transfer Fraud – fraudulent instructions issued to a financial institution to pay money from an account maintained by an organisation;
    • Computer Fraud – theft resulting from unauthorised access into a computer system;
    • Remote Access Fraud – fraudulent use from a location, other than an organisation’s own premises, of rented telephone lines; and Social Engineering Fraud – criminal taking committed by deceiving an employee into transferring, paying or delivering money; or, funds transfer fraud, or computer fraud, which involves deceiving an employee into providing security detail for operating or having access to an account held by an organisation.

    However, cyber crime is still a crime and, depending on the insurer, will potentially be covered in a number of places. With MPR, this cover is exactly the same wherever it sits, which can be in one of three policies. The trigger is also the same across all policies (some cyber policies require unauthorised access or cyber event to trigger any crime cover that may be there).

    The difference between the three contracts is what else is covered in addition to Cyber Crime (highlighted below).

    For more information about Cyber Crime visit www.mprunderwriting.com

    Download PDF

    Tim Jones

    Written by

    Tim Jones

    Factsheet

    Cyber Crime cover

    Cyber Crime cover from MPR Underwriting.

    Insight

    ‘Verbal’ – one word,
    all the difference

    The same pattern sometimes appears in business. When things go wrong, frustrated parties can act irrationally and may say things that won’t necessarily be followed up on.

    Insight

    Cyber Insurance –
    What to Expect in 2024

    Cyber Insurance remains a hot topic into 2024. With changing market conditions and increased competition, it can be difficult to keep up – especially when coupled with wider issues of the volatile threat landscape and systemic event concerns.

    10th Floor
    Chancery Place
    50 Brown Street
    Manchester
    M2 2JG

    0161 241 3550
    enquiries@mprunderwriting.com

    • About
    • Team
    • Our Products
    • Insights
    • Resources
    • Contact
    • Data protection and privacy notice
    • Cookie Policy
    • Linked in
    • Twitter
    MPR are Chartered Insurance Underwriting Agents

    MPR Underwriting Limited is a company incorporated in England and Wales. Registered Address: 10th Floor, Chancery Place, 50 Brown Street, Manchester, M2 2JG. Company Number: 10529758. Authorised and regulated by the Financial Conduct Authority.

    Privacy Policy and Cookie Information

    We use a small number of cookies on this website to make the website as useful as possible. None of these cookies collect any personal information. To find out more about these cookies and how to control their use, see our Read More.

    Close