Cyber insurance to grow amid digitalization, rise in attacks

Raf Sanchez, head of cyber services at insurer London-based Beazley PLC, expects continued growth in the cyber insurance segment this year, as more organizations go digital amid the COVID-19 pandemic and cyber attacks grow, Reinsurance News reported. Mr. Sanchez said that the increasing number of cyber attacks will also drive directors and officers’ liability insurance claims and third-party litigations related to the cyber security incidents.