Experts warn cyber risks could swamp the market
DAC Beachcroft says need for standalone cyber cover could be reinforced.
Law firm DAC Beachcroft predicts that changes in regulation will boost cyber insurance policies in 2016.
In its publication Insurance Market Conditions and Trends 2015/16, the company said it expected the proposed new European Data Protection Regulation to bring mandatory breach notification requirements, in effect making data breaches more costly.
The firm warned brokers and insurers that this could reinforce the need for standalone cyber cover and urged them to look over their existing
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