Read the case below and discuss:

i) Cyber insurance coverages (e.g., coverage types / insuring agreements, exclusions, conditions, etc.) that can provide value within the business case

ii) Challenges to selling and pricing these coverages

Date of Incident: February 2019 Type of Entity: Accounting Firm Type of Event: Social Engineering Anticipated Payout: Approx. $60K Overview: Firm received email from individual purporting to be a client; requested large wire transfer Firm responded w/ email requesting documentation that was subsequently sent One week later another request was made via email, same confirmation of documentation, second wire sent by firm Third request was received, after request for more personal documentation individual was not able to produce All three requests found to be fraudulent