What exactly is a cyber risk, and in particular a risk that is
covered by insurance, is a constantly evolving concept. Insureds,
insurers and reinsurers are continually faced with new types of
risks and claims that fall within the rubric of "cyber."
What is a cyber risk is often broadly construed as anything related
to the use of a computing device or network. As cyber risks expand,
so do their impact on insurance lines, both those designed to apply
to them and those that are impacted inadvertently in what has
become known as "silent cyber" coverage. Thus, insurers
in all lines need to become familiar with identifying and
addressing cyber risks.
The types of events that can trigger cyber coverage, and the
scope of coverage afforded by cyber policies, still vary
considerably. In the early 2000's, in the wake of the enactment
of data breach notification laws that began in the U.S. in 2003 in
California (and now are present in 48 states in the U.S. and
worldwide), most
