Exam (elaborations)
ARM 401 Chapter 6 - iPhone questions and mnemonics
ARM 401 Chapter 6 - iPhone questions and mnemonics
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ARM 401 Chapter 6 - iPhone questions and mnemonicsThis represents a way that a tech company can incur cyber risk bodily injury or property damage liability:
- Answer - Software development.
The two categories of property that are exposed to loss from cyber risk are: - Answer - Tangible and
intangible.
Cyber-related contingent business income loss exposures involve income that is contingent, A K A
dependent, on: - Answer - A computer network that isn't owned or operated by the insured company.
If you rely on a website for sales, then a denial of service attack to that website presents this cyber risk
exposure: - Answer - Business income.
This is a managerial control measure to protect against the frequency of fraud losses: - Answer - Stay
informed of new varieties of fraud.
Outlining unacceptable cyber behavior with associated consequences is an example of: - Answer - A
personnel control.
Two noninsurance risk transfer methods are: - Answer - A hold-harmless agreement, and a liability
disclaimer.
The fiduciary duties are: - Answer - C O L D. Duty of care, obedience, loyalty, and disclosure.
In a cyber insurance transaction, third parties are typically: - Answer - Customers of the first party.
If a company's computer network is broken into by a hacker, and a customer's data is stolen and leaked
to the press, the lawsuit will be based on: - Answer - Invasion of privacy.
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