How do geopolitical tensions, such as state-sponsored attacks, impact a business’s cyber insurance coverage and claims?
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How do geopolitical tensions, such as state-sponsored attacks, impact a business’s cyber insurance coverage and claims?
Geopolitical tensions, including state-sponsored attacks, can have significant implications for a business’s cyber insurance coverage and claims. Insurance policies may have specific exclusions or limitations related to acts of war, terrorism, or state-sponsored attacks, which could affect coverage in such cases. Insurers may also impose stricter conditions or higher premiums due to increased perceived risk levels during times of heightened geopolitical tensions. Additionally, state-sponsored attacks may lead to complex legal and regulatory challenges that could impact the processing and coverage of cyber insurance claims. It’s crucial for businesses to review and understand their cyber insurance policies carefully to assess how geopolitical tensions may influence their coverage and claims processes.