Analysis

In Focus: Are cyber insurers prepared for BI claims after July’s global outage incident?

By 2024-09-05T11:00:00

cyber crime, world

Head of claims reports that cyber is an ‘ever-changing’ risk and that there is more variety in how BI claims can now present themselves

When a faulty software update from cyber security firm Crowdstrike in July 2024 led to a mass, global IT outage, business interruption (BI) claims become front and centre of cyber insurers’ minds.

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