Cyber insurance and data breaches, with case studies
It is said that it is only a matter of time before a failure to implement basic cyber security protocols will result in claims against directors and officers (D&O) in South Africa – as is already happening elsewhere. This was one of the points made by attorneys from insurance law firm Clyde & Co who participated in a recent webinar, hosted by SHA Risk Specialists, on cyber claims.
Moonstone Information Refinery reports that Clyde & Co has seen a significant increase in cyber claims in the past 12 months, and ‘an explosion’ in the number of claims in the past month.
A number of very interesting case studies are also presented in the article. Read here.