For Community Banks and Credit Unions

Which of Your Policies Actually Pays After a Cyber Incident?

Cyber insurance. Fidelity bond. D&O. Three carriers, three sets of exclusions, and nobody checking whether they work together.

The Risk Intelligence Report reads all three policies line by line, maps which policy responds to each cyber incident type, and delivers findings in dollar terms with a clear remediation plan. Written in plain English for you, your board, and your examiner.

Three Policies, But Who Pays?

Coverage is the broker's job. Controls are IT's job. Compliance is the risk officer's job. Nobody reads all three policies together.

This map is from actual policy reviews. Carriers and forms vary. The pattern does not.

94% of community bankers rate cybersecurity as their top risk. How many have read the policies that respond to it? Source: CSBS 2025 Annual Survey

Policy Interaction Map — Sample Community Bank

Incident Cyber Policy Fidelity Bond D&O Policy
Ransomware Covered Extortion sublimited Not applicable
Wire fraud Sublimited ($250K) Sublimited with conditions
Vendor breach Covered No coverage
Data breach Covered No coverage Excluded except investigative costs
Board liability after a cyber event Excluded Not applicable Cyber exclusion

These three policies were never designed to work together, leaving unintentional gaps.

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How Coverage Gaps Show Up at Claim Time

Examples from my policy reviews.

Wire Fraud

$400K wire. Spoofed email.

Cyber excludes social engineering. Bond carries a 50% co-payment.

Recoverable: $200K on a $400K loss.
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Regulatory Investigation

Breach triggers three proceedings.

D&O excludes cyber-related claims. Cyber excludes board defense. Directors face personal exposure.

Some version of this gap exists in every institution I have reviewed.
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Security Warranty

Policy requires MFA everywhere.

Your core vendor doesn't support it. Breach happens. Carrier rescinds coverage on warranty grounds.

A gap in your controls is a gap in your coverage.
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See all six coverage gaps →

Find Out Where Your Bank's Coverage Fails

One week from documents to walkthrough. Independent. Fee-based. Examiner-ready.