News analysis: Pandemic boom in cybercrime could spark interest in cyber cover

With the rise in remote working during the Covid crisis – and the increased opportunities for cyber criminals to attack – could brokers see an uptick in interest for cyber insurance from clients?

Reported increases in cybercrime on the back of the pandemic have ignited conversations around cyber insurance and could serve as a tipping point to get businesses to buy cover, according to specialists. 

This follows reports that the swift move to remote working has led to a rise in cyber-attacks, including ransomware, data breaches and ‘social engineering’ such as phishing attacks that exploit human error to harvest information or spread malware. 

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