Why cyber business interruption is a bigger threat than GDPR

Article, Financier WorldwideMarch 2019

Insurance / Cyber Consulting

Businesses and the cyber insurance market on either side of the Atlantic have developed a sophisticated understanding of, and response mechanism to, data breaches. The same cannot be said about cyber business interruption, which poses a potentially catastrophic risk on a global scale. Read more from Financier Worldwide.

Businesses and the cyber insurance market on either side of the Atlantic have developed a sophisticated understanding of, and response mechanism to, data breaches. The same cannot be said about cyber business interruption, which poses a potentially catastrophic risk on a global scale.

Historically, the cyber insurance market in the US and Europe has been driven by different factors. In the US, data protection laws in California created a demand for corporates to insure themselves against third-party liability risks, while in Europe, prior to the General Data Protection Regulation (GDPR), business interruption was the main driver for corporates buying this cover.

These factors have now started to converge.

Read more as published in Financier Worldwide.

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