Biba 2021: 'Knee jerk' silent cyber reaction led to unintended consequences
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Insurers have embarked on a silent cyber crackdown since a January 2019 Prudential Regulation Authority letter that warned that they must do more to understand and eradicate the risk, which occurs
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