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PI, cyber insurers scrutinize company directors as cyber risks increase

Posted On: May. 19, 2022 9:47 AM CST

Directors and officers liability

 

Henry Clark, head of professional & executive risks at Australia-based Honan Insurance Group Pty Ltd., said that directors and officers are facing increased regulatory scrutiny in the wake of increasing cyber attacks on supply chains, Asia Insurance Review reported. Company executives are under increased pressure to report cyber security issues, as cyber threats grow, he said.