Bending the Truth on Your Cybersecurity Insurance Application? See How It Cost a Healthcare Provider $4.125 Million.

If you've considered bending the truth or "lies by omission" on your cybersecurity application, we strongly encourage you to reconsider. The consequences can be expensive and far-reaching, as they appear that they will be for Cottage Health (Cottage) (Source).

Cottage carried cyber-insurance from Columbia Casualty (Columbia). By providing false responses to the insurance risk assessment questionnaire, Cottage appears to be facing the consequences without any coverage from Columbia when they were part of a hefty lawsuit.