Insurance is simply a tool being used for the “effect” but does not deal with the “cause”. Cyberattacks are an act of civil war. While we are advocates of doing what is necessary to inform our insured’s as to what procedures they should institute,including insurance on the back-end, what is missing is what our governments are doing to solve the problem. Oil disruptions, payoffs in bitcoins and so on- makes the criminals as being in charge and at their mercy. C N A & the pipeline attacks may just be the beginning…
Insurance is simply a tool being used for the “effect” but does not deal with the “cause”. Cyberattacks are an act of civil war. While we are advocates of doing what is necessary to inform our insured’s as to what procedures they should institute,including insurance on the back-end, what is missing is what our governments are doing to solve the problem. Oil disruptions, payoffs in bitcoins and so on- makes the criminals as being in charge and at their mercy. C N A & the pipeline attacks may just be the beginning…