I’m not convinced there is a viable back stop that governments or insurers could afford and the last time a meaningful government backstop was used…

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I’m not convinced there is a viable back stop that governments or insurers could afford and the last time a meaningful government backstop was used it bailed out the banks in 2008.

The Bank of England has raised concerns that the insurance market is over exposed cyber risk, a risk the industry has little knowledge of and companies even less. Investors like Warren Buffet have added their views on cyber issuance.

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