cyber insurance
Rates for cyber insurance keep falling even in a "very active claims environment"
As cyber-related brokering fraud activity spikes, insurers clarify their policies.
"More organisations have cyber insurance; fewer are claiming; more are recovering themselves."
'Do not state anything that is subjective and avoid adjectives (e.g., "state of the art," "mature," "advanced," "appropriate," "comprehensive," or "reasonable")' say experts.
"In another example, a custom-built application relied on an old version of Apache Log4J for logging, and the updates to Log4J did not support data in the same way. There was no budget for this application to be rebuilt at the time..."
“It was a little slow to get started, because they spoke in hard-edged actuarial science data terms. But we have the largest MDR database in the industry so we were able to get back to them and empirically show that we can reduce risk..."
"If a ban is considered the Government should be ready to step in..."
Judge to insurers: "No court has applied a war exclusion to anything remotely close to the facts herein"