What if your organization is hit by a cyberattack that is attributed to a nation state? Would your insurance cover the costs of the attack?
As cyber-insurance is, and will continue to be, a budget item for organizations looking to protect themselves from the escalating and unforeseen consequences of cyberattacks, one important question arises – will an organization’s cyber-insurance policy cover the damage caused by an attack that was attributed to a nation state? This question is all the more pertinent against the backdrop of the ongoing war in Ukraine and the warnings of cyber-war potentially spreading beyond the conflict zone.
Watch the video to learn about how insurers and reinsurers may handle claims involving cyberattacks that were attributed to state-sponsored attackers.
Here’s some further reading:Insurers must rethink handling of cyber attacks on states (The Financial Times, possibly paywalled)The cyber insurance question