Reputational damage from cyber keeps insurers awake
Friday, 06 16 2017, Category: Technology, Country: World
Insurers are grappling with the quantification of the damage to a business’s reputation that arises from a cyber attack, as this is not currently covered in cyber policies across the industry.
This was one of the key themes that emerged during a panel of cyber specialists speaking at the Airmic Conference 2017.
Citing the recent global system outage of British Airways, the ransomware attack on the NHS, and the data breach of TalkTalk, there are subsequent damages that arise from such examples that the industry still needs to address.
Source: Intelligent Insurer