Call us now:
The UK insurance Act comes into effect in the August 2016, it will place companies under a duty of ‘fair representation’, requiring them to be more open around the risks they face. Companies will be presumed to know about matters that could be revealed by a reasonable search and in ‘good faith’.
In my opinion, transferring cyber risk through insurance has just got harder, the cyber threat vectors companies face are extremely broad and most boards don’t understand cyber risk. Cyber is such a well know defined risk, it maybe difficult to argue ‘ignorance’ as a defense. ISMS anyone…..
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