Middle East tensions will increase demand for cyber insurance – GlobalData & more related News Here

Cyber ​​incidents involving state and non-state actors, sanctions, supply chain vulnerabilities, and operational technology are also being considered, along with traditional war, maritime and political risk risks. Charlie Hutcherson, insurance analyst at GlobalData, said: “Geopolitical flashpoints are being priced in not only through maritime war-risk and political risk lines, but also through expectations of cyber surges. GlobalData’s survey shows that cyber insurance is seen as the commercial product most likely to see increased demand, as businesses anticipate physical disruption to trade routes as well as a higher likelihood of disruptive cyber events.”