Systemic cyberattack

Malware, ransomware, cloud outage, or supply-chain compromise interrupts operations and may cause data, liability, or physical consequences.

02 · Industries exposed

TechnologyHealthcareProfessional ServicesRetailManufacturing

03 · Policies affected

CyberCrimeProfessional IndemnityPropertyBusiness Interruption

04 · Clauses to test

Cyber incident definitionDependent business interruptionSystem failureData restorationIncident response

05 · Possible exclusions

War or state-backed cyberInfrastructure failureKnown vulnerabilitiesUnencrypted devicesBodily injury/property damage

06 · Claims implications

Notification, forensic evidence, consent, panel vendors, extortion law, restoration scope, and overlap between policies require immediate coordination.

07 · Reinsurance implications

Systemic dependencies can aggregate many cedants and programmes, testing cyber catastrophe models and event definitions.

08 · Action now

1.Activate the incident-response plan and approved vendors
2.Preserve logs and legal privilege where applicable
3.Notify affected insurers without delay
4.Track restoration, interruption, liability, and extra expense separately