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Physically destructive cyber terrorism a gap in current insurance coverage: Report

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The Australian Reinsurance Pool Corp. said in a report that there is a gap in the country's property insurance market in situations where major physical damage is caused by a cyber attack by terrorists, reported Asia Insurance Review.

The report said "cyber terrorism" is not currently covered by Australia's terrorism insurance program as it is defined as a computer crime which is currently excluded by the Terrorism Insurance Act.

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