Network world : BitPay was spearphished, the CFO's credentials were stolen, and the company was scammed out of $1.8 million in bitcoins, but its cyber insurance company refused to pay. If you bought cyber insurance so you’d be covered if you were hacked, and then had $1.8 million stolen after being hacked, wouldn’t you expect your insurance claim to be paid? If so, then think again as the claim can be denied due to the wording of the risk insurance contract. Click here to know more.
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