If hackers compromise IT security and gain access to your bank account and steal the money on that account, your bank will usually cover such loss if you are a private customer of the bank. As a company, the bank will not reimburse you if your web bank accounts are hacked and your money is stolen. Given the abundance of IT security breaches crime and cyber insurance products are in high demand. If you do not need the full crime coverage, you can purchase a scaled down policy covering electronic theft done by third parties only, also known as Web bank insurance. Riskpoint’s Web bank insurance covers the company for electronic theft of money in an insured online bank account.