Day: June 26, 2025

First-party damages: refers to losses directly suffered by the policyholder (or insured) firm in response to a firm’s data breach or other covered cyber event. Topic: First-Party Cyber Attack CAMICO policyholder Mary Davis had just signed on to her computer one morning when she received an email from a “potential client” named “Tim,” who was … Read more

Third-party damages: refers to damages alleged by clients or other third parties that the negligence of the CPA firm contributed in whole or in part to the third party’s cyber-related loss. Topic: Third-Party Cyber Attack CAMICO policyholders Michael Jones and Tom Smith of Jones & Smith Accounting Services were out of the office during the … Read more