Uncovering silent cyber risk

There remains a sizable gray area around whether losses caused by a truly catastrophic cyber event would be covered and under what policy.

By Scott Stransky | Updated on July 27, 2017

The awareness of the risk of cyber attacks is steadily rising, thanks to a seemingly endless stream of high profile attacks in recent years.

Experts believe that incidents like the Target breach in 2013, the Sony hack in 2014, the Dyn attack in 2016, and the recent WannaCry ransomware attack will only become more frequent, and that a truly catastrophic cyber event is on the horizon. Cyber criminals are becoming more sophisticated, and attacks are happening on a larger scale, affecting a wider range of targets. These digital bandits also are harder to detect and stop than ever before.

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