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ARTICLE · 25 MAY 2020

Cyber coverage amid COVID-19

Gilchrist Connell
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Cover for business interruption loss under cyber policies is confusing and frustrating for both insurers and insureds.

AustraliaCoronavirus (COVID-19)
Nitesh Patel
Nitesh Patel
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Unfortunately, but predictably, the logistical issues and preclusions arising out of the COVID-19 pandemic has led to an influx of related cyber incidents, most commonly the result of phishing or other social engineering, and in some cases leading to significant compromises of systems and the exfiltration of data.

We have previously written on the greater cyber exposures and risks businesses and individuals should be aware of that arise from COVID-19 issues.

Businesses with cyber insurance policies and extensions are now claiming under those policies for incidents connected to COVID-19. Cover provided, particularly under cyber policies, is generally very broad and inclusive. However, there are particular coverage issues insurers and insureds should be alive to.

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