Crime/CYBER

Question 1

Risk control efforts for crime loss exposures require continual evaluation

Answer 1

Because criminals take advantage of weakness in the risk control measures

Question 2

Many crimes are also

Answer 2

Torts against the crime victims

Question 3

Embezzlement

Answer 3

Fraudulent taking
To whom that property has been entrusted

Consecutively numbering incoming and outgoing cash

Question 4

Espionage

Answer 4

Obtaining confidential info that circumvent efforts to protect the confidentiality

Question 5

Risk control to reduce the frequency

Answer 5

Applicant screening

Question 6

Physical risk control

Answer 6

Place marked cash in other locations

Central station alarm

Question 7

Most effective at preventing cyber losses credit card data

Answer 7

Managerial controls compliance with security

Question 8

Managerial control example

Answer 8

Centralizing responsibility for cyber security

Question 9

Non insurance risk transfer methods

Answer 9

Hold harmless and liability disclosures