[ExI] Cyber-Attacks Set To Become ‘Uninsurable’

[BillK]

Cyber-Attacks Set To Become ‘Uninsurable’, Warns Insurance Boss
Chief executive of Zurich Insurance warns that cyber-attacks, rather
than natural disasters, will quickly become “uninsurable”

Tom Jowitt, December 28, 2022

<https://www.silicon.co.uk/e-enterprise/financial-market/cyber-attacks-set-to-become-uninsurable-warns-insurance-boss-491322>
Quotes:
The days of organisations relying on insurance policies to pay out
after suffering a cyber-attack, may be coming to an end.

This is the stark assessment from Mario Greco, chief executive at
insurer Zurich, one of Europe’s biggest insurance companies.

Focusing on the privacy risk to individuals from cyber-attacks was
missing the bigger picture, Greco reportedly added: “First off, there
must be a perception that this is not just data . . . this is about
civilisation.”

“These people can severely disrupt our lives,” Greco reportedly said.
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It's about time people started getting serious about computer security.

BillK