As we all move to working from home and remote locations, the increased risk of cyber attacks has become more prevalent. COVID-19 has presented an opportunity for rogue actors to attack vulnerable companies and indeed individuals. For some, working from home can mean more lax security. This has resulted in the cyber underwriting fraternity asking more questions around COVID-19, business resiliency and business continuity planning, according to Siobhan O’Brien, Head of Guy Carpenter’s International Cyber Center of Excellence.
In the following video with The Insurer, O’Brien discusses how cyber underwriters are avoiding COVID-19 exclusions despite increasing ransomware concerns.