Russian cyberattacks could cost insurers billions, industry experts warn

Russian cyberattacks could cost insurers billions, industry experts warn

City A.M.

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Insurers could be forced to pay out billions to those impacted by cyberattacks following Russia’s invasion of Ukraine. Ambiguous wording in cyber insurance policies could see insurance companies made liable to pay out billions to victims of hacking Insurers may be forced to cover the costs imposed on businesses of paying for ransoms and repairing [...]

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