Nov 2020

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Cyber risk insurance: No longer a luxury purchase

Source: Middle East Insurance Review | Jul 2017

The recent WannaCry ransomware attack has created greater demand in the Middle East for insurance cover to mitigate the risk. Mr Russell Heaton of ArgoGlobal advises that such covers must reflect the needs of the insured and clear and well-written policies covering breach costs, business interruption, extortion and hacker damage should no longer be viewed as a luxury purchase.

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