Crime/CYBER Flashcards
Risk control efforts for crime loss exposures require continual evaluation
Because criminals take advantage of weakness in the risk control measures
Many crimes are also
Torts against the crime victims
Embezzlement
Fraudulent taking
To whom that property has been entrusted
Consecutively numbering incoming and outgoing cash
Espionage
Obtaining confidential info that circumvent efforts to protect the confidentiality
Risk control to reduce the frequency
Applicant screening
Physical risk control
Place marked cash in other locations
Central station alarm
Most effective at preventing cyber losses credit card data
Managerial controls compliance with security
Managerial control example
Centralizing responsibility for cyber security
Non insurance risk transfer methods
Hold harmless and liability disclosures
