The exodus of corporations after Russia’s invasion of Ukraine has sparked concern of cyber retaliation. Tons of of corporations massive and small had been advised by the Biden administration to arrange for doable cyber assaults performed by Russia. This has a lot of them wanting in the direction of cyber insurance coverage as a technique to shield themselves. Nonetheless, a centuries-old insurance coverage provision might make it powerful for corporations to really accumulate an insurance coverage payout if they seem to be a sufferer of a cyber assault.
In the present day, we study why the insurance coverage business is probably not a savior for corporations trying to reduce injury from cyber warfare.