Cyberattacks, Insurance, and Liability: Coverage of Risks, Exclusions
Cyberattacks are now everyday risks. Cyber insurance helps cover losses, but in serious cases, things quickly get complicated.
Topic
When & Where
Details
Format:
Lecture
Language:
German
Session description
What Risks Do Standard Cyber Insurance Policies Actually Cover?
Cyber insurance is designed to help companies manage the financial impact of digital threats. But what do these policies really cover, and where do the limits lie?
Typical Exclusions
Intentional misconduct
Gross negligence
Insufficient IT security measures
Policyholder Obligations Before and After a Cyber Incident
To maintain coverage, companies must follow certain duties, both preventively and in the event of a claim. These include implementing adequate security standards, reporting incidents promptly, and cooperating with investigations.
Distinction from Other Insurance Products
Cyber insurance is not a catch-all. It must be clearly distinguished from other types of cove ...