News

Limited use of cyber insurance for public financial entities as new policy comes into force

By 2023-04-03T06:45:00

cyber attack

’It’s quite costly for them,’ says associate

There has been limited use of cyber insurance for sovereign wealth funds and international public finance entities due to the higher risks they are exposed to, according to S&P Global Ratings associate Michelle Keferstein.

Keferstein made the statement after being asked about the impact of Lloyd’s of London’s cyber policy exclusion for state-backed attacks during a cyber risk webinar last week (30 March 2023).

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