Reportage - cyber liability: Reducing online exposure
As websites and e-trading take a more prominent role in every facet of business, online liability risks grow. Edward Murray asks how the market can keep up to date with the exposures and how brokers should best advise their clients.
Cyber liability is one of those unhelpful phrases that has become accepted in common parlance, but does not actually have a consistent or widely understood meaning. Any computer or electronic liability can be thrown into the cyber liability basket and as such it is both multifarious and confusing.
The term originated during the dotcom boom of the late 1990s and the covers originally created set out to meet the liabilities faced by online businesses that could not afford for their websites to
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