Marks and Spencer looks to be consuming its cyber insurance cover as it works to resolve the on-going cyber incident.

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Marks and Spencer looks to be consuming its cyber insurance cover as it works to resolve the on-going cyber incident. Its insurer is going to make a loss. One wonders the size of the cap, the cost of the incident and how much cash it’s going to take to resolve the incident to conclusion.Cyberattacks are an expensive risk to manage across their life cycle. The insurance company is expected to make a loss and one wonders the cost to M&S once the incident has been resolved in the near term. Fortunately for M&S the UK does not tend to fine companies for failures to manage cyber attacks, and GDPR fines post breach are generally low.@Thaddeus Dziekanowski Brian D. McCarthy Faisal KhanVeritas GRC Marks and Spencer#cybersecurity #cyberriskmanagement #cyberattack

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