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Dan Trueman, AXIS Insurance
5 January 2018Insurance

The changing face of cyber insurance

The hype around cyber insurance and the focus on data breach has resulted in myopia: cyber risk includes much more than a company’s data as an asset. What may have been historically focused as insurance coverage to protect against risks to a company’s databases, email, customer tracking systems, etc, has spread to include risks that impact a company’s physical assets and supply chains. These cyber risks impact any physical part of a business that interacts with a company’s digital assets.

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Insurance
5 January 2018   So-called “black swan” cyber events—which are difficult to see coming or how far and wide they will spread once they do impact a company—are becoming increasingly more likely or more severe. But insurers must accept the reality of their role in protecting companies from the fallout.