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Cyber Insurance is something I have had to look at and advise upon for a few clients. It’s a minefield which is difficult to navigate and a high risk game given the sums involved, where little is understood by boards both in terms of the effects of cyber attack. Or the boards obligations to manage an adequate controls environment to protect against a cyber breech and successfully claim on a policy. Poor controls maybe difficult to defend in a court of law, as these cases are showing.
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