Keywords
cyber risk
new risks
cyberattack
insurance new coverages
property
liability
wording
How to Cite
Abstract
In May of 2017, servers around the globe were the object of cyberattacks. This was a glimpse of what might happen in the future and showed how vulnerable firms can be. Cyberattacks also showed that firms around the world are subject to running this risk. Damage could entail civil liability resulting from disclosing proprietary information or from damage to property (hardware) or damage resulting from business interruption. Currently there are cyber risks insurance policies available in Latin America where Property and Liability events can be covered; it must be noted that in the world, there are many insurance coverage types of wording, where examining the scope of covered risks and exclusions is paramount.
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