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The Changing Face of Cyber Claims 2021

A cyber insurance loss study in Continental Europe

The opportunities that digitalisation and emerging technologies are providing for businesses continue to grow rapidly across the globe. These opportunities, however, go hand-in-hand with an increase in cyber risk. The ongoing rise of cyber claims, especially those related to ransomware, has brought a new dimension to the fast-maturing cyber insurance market.

Ransomware remains a widespread and persistent cyber risk posing multiple legal challenges. While compliance with GDPR notification obligations may already be a priority on the legal incident management workstream, there is more to consider. For example, organisations need to be aware of the anti-terrorism and anti-money laundering laws, as well as sanctions and internal compliance.

CMS has once again been invited by Marsh to contribute a legal perspective to its annual report, which also includes insights from Kivu and Microsoft. As well as sharing the insights gathered from Marsh’s claims data, this report looks at practical ways to manage and mitigate cyber risk and claims, helping you build resilience into your working practices.

Read about:

  • Cyber claim trends
  • Covid-19: How cyber criminals take advantage of contemporary issues
  • A deep dive into ransomware
  • Incident and claims management
  • Understanding the changing cyber insurance market

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Authors

Erik Jonkman
Erik Jonkman
Advocaat
Amsterdam
Michael Kamps
Michael Kamps
Partner
Rechtsanwalt
Cologne

Key contact

Erik Jonkman
Advocaat
Amsterdam
T +31 20 3016 379

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