SC Media asks the industry: Is cyber attack insurance worth it?
SC Media UK | July 13, 2017
Featuring Dr. Mike Lloyd, RedSeal CTO
UK financial services body the Prudential Regulation Authority (PRA) has issued a warning to insurers regarding the risk of claims for damages arising from cyber-attacks on their customers.
The PRA recommendations include the carrying out of stress testing of their capability to respond to a large number of claims at once – no doubt inspired by the recent WannaCry and notPetya attacks.
