Blog Post List

What is “Negligent Entrustment” and what does it mean for your bank? 

by Dirk Hanket, P&C Product Manager

The number of negligent entrustment suits and verdicts is increasing, with large settlements being common and judgments often including punitive damages. The costs of developing and implementing a safety and risk program are minimal compared to the emotional and financial costs of negligent entrustment.

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FREE Webinar recording: What bankers need to know about cyber insurance 

Originally broadcast July 23, 2015, this cyber insurance webinar is now available for free for playback/download. Gain an understanding of cyber insurance basics, including key coverage components with claims examples. Recent industry changes as well as buying considerations are also reviewed. Click on "Read more" below for more details and to playback or download the presentation.

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A Dyre Situation: Malware Targets Corporate Banking Accounts 

First discovered in June 2014, “Dyre” malware has quickly become one of the most prominent banking Trojans targeting corporate customers’ bank accounts today. A system infected with the Dyre malware, which is delivered and downloaded through phishing/spam campaigns, will attempt to harvest customers’ information and online banking credentials to conduct unauthorized transfers.

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Take steps to prevent employee embezzlement of vault cash. 

Some thefts still do occur on the bank’s premises.

Over the past several years, we have seen an uptick in the number of reported claims involving employee embezzlement of vault cash. Be sure that prevention measures are in place and enforced in order to prevent employee theft.

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