Licensed Architect - Summer 2017 - 27

Insurance

Design Professionals
and Cyber Risk - Part 2
BY DAN BUELOW, MANAGING DIRECTOR OF WILLIS A&E

RANSOMWARE
One area where GL carriers have
recently paid out on some cyber
related claims is due to ransomware.
Ransomware again is when a business
has its data seized and later is extorted
to pay a ransom often in bitcoin for
its release. Some A&E GL policies
have a limit for "electronic vandalism"
which provides a sublimit ($100,000
for example) for electronic vandalism. 
This covers costs to restore data
but, again, the question is whether
or not this sub limit is enough to
cover these damages considering the
additional extra expense and business
interruption costs a firm may incur
dealing with this? Probably not.
What an A&E's GL policy typically
won't pay for is the ransom. The
FBI notes that many times, when

you pay the ransom, there is no
guarantee they will unlock your files
and has recently posted a report
on their website titled, "Incidents of
Ransomware on the Rise - Protect
Yourself and Your Organization."
In this FBI report it states,
"Ransomware attacks are not only
proliferating, they're becoming more
sophisticated." Several years ago,
ransomware was normally delivered
through spam e-mails, but because
e-mail systems got better at filtering
out spam, cyber criminals turned
to spear phishing e-mails targeting
specific individuals.
And in newly identified instances
of ransomware, some cyber
criminals aren't using e-mails at all.
According to FBI Cyber Division

Assistant Director James Trainor,
'These criminals have evolved over
time and now bypass the need
for an individual to click on a link.
They do this by seeding legitimate
websites with malicious code, taking
advantage of unpatched software on
end-user computers.'
The FBI doesn't support paying a
ransom in response to a ransomware
attack. "Paying a ransom doesn't
guarantee an organization that it will
get its data back-we've seen cases
where organizations never got a
decryption key after having paid the
ransom. Paying a ransom not only
emboldens current cyber criminals
to target more organizations, it also
offers an incentive for other criminals
to get involved in this type of illegal

Summer 2017 | Licensed Architect | 27



Table of Contents for the Digital Edition of Licensed Architect - Summer 2017

President’s Message
ADA Advice Accessibility: Handrail Details for Stairways and Ramps
Continuing Education A Review of Window, Door and Skylight Standards and Certification
Buyer’s Guide
Feature Article The Necessary Accessory: Hardware
Continuing Education Providers/ ALA New Members
Insurance Design Professionals and Cyber Risk - Part 2
Second Chances for Buildings The New Roof is Still Leaking?
Feature Article What Do Clients Want? Amenities, style and function
Firm Management Tools for Small Firms: Time Management
Index of Advertisers
Licensed Architect - Summer 2017 - Intro
Licensed Architect - Summer 2017 - cover1
Licensed Architect - Summer 2017 - cover2
Licensed Architect - Summer 2017 - 3
Licensed Architect - Summer 2017 - 4
Licensed Architect - Summer 2017 - 5
Licensed Architect - Summer 2017 - President’s Message
Licensed Architect - Summer 2017 - 7
Licensed Architect - Summer 2017 - ADA Advice Accessibility: Handrail Details for Stairways and Ramps
Licensed Architect - Summer 2017 - 9
Licensed Architect - Summer 2017 - 10
Licensed Architect - Summer 2017 - 11
Licensed Architect - Summer 2017 - 12
Licensed Architect - Summer 2017 - 13
Licensed Architect - Summer 2017 - 14
Licensed Architect - Summer 2017 - 15
Licensed Architect - Summer 2017 - Continuing Education A Review of Window, Door and Skylight Standards and Certification
Licensed Architect - Summer 2017 - 17
Licensed Architect - Summer 2017 - 18
Licensed Architect - Summer 2017 - 19
Licensed Architect - Summer 2017 - 20
Licensed Architect - Summer 2017 - Buyer’s Guide
Licensed Architect - Summer 2017 - 22
Licensed Architect - Summer 2017 - 23
Licensed Architect - Summer 2017 - 24
Licensed Architect - Summer 2017 - Feature Article The Necessary Accessory: Hardware
Licensed Architect - Summer 2017 - Continuing Education Providers/ ALA New Members
Licensed Architect - Summer 2017 - Insurance Design Professionals and Cyber Risk - Part 2
Licensed Architect - Summer 2017 - 28
Licensed Architect - Summer 2017 - 29
Licensed Architect - Summer 2017 - Second Chances for Buildings The New Roof is Still Leaking?
Licensed Architect - Summer 2017 - 31
Licensed Architect - Summer 2017 - 32
Licensed Architect - Summer 2017 - Feature Article What Do Clients Want? Amenities, style and function
Licensed Architect - Summer 2017 - 34
Licensed Architect - Summer 2017 - 35
Licensed Architect - Summer 2017 - Firm Management Tools for Small Firms: Time Management
Licensed Architect - Summer 2017 - 37
Licensed Architect - Summer 2017 - Index of Advertisers
Licensed Architect - Summer 2017 - cover3
Licensed Architect - Summer 2017 - cover4
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