How to make cyberattacks more insurable
Improving coverage for virtual threats such as ransomware and supply chain attacks is one of the most pressing and thorny issues facing the insurance industry today. It has become even more urgent since the onset of the COVID-19 pandemic because the resulting changes in the way the world works and does business mean such incidents have become more frequent and varied in character. The costs of their potential harm have also grown exponentially, with the worst-case scenarios estimated to generate economic disruption running into billions of dollars.
