Around half of industry practitioners see the risk of silent cyber exposure – potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk – as growing over the coming year, according to Willis Re. In the Willis Re survey, respondents were asked to assess the extent to which, over the next 12 months, the cyber aspect of exposure would increase the likelihood of a covered loss. Around half of respondents felt that the risk of a silent cyber loss from property or other liability was greater than 1 in100 while close to a quarter considered the risk to be greater than 1 in10, illustrating the degree of uncertainty surrounding potential exposure.
View Full Story
ORIGINAL SOURCE: Help Net Security