Blogs

Cyber Threats: Landmark Ruling Signals Importance of Clear Policy Language

12/07/2023

A recent court ruling in New Jersey is seen as important marker for the coverage of cyber risks. The decision addressed coverage for the 2017 NotPetya malware attack and, although the case did not regard a standalone cyber insurance policy, it underscored the need for clear policy language regarding cyber risks. It highlights the evolving nature of cyber threats and the necessity for insurance policies to address them explicitly. But even then challenges around uncertainty in this newly evolving area may still remain.