In the wake of the massive technology outage, the “large and significant factor around this outage is business interruption,” said Dave Burg, Kroll’s Global Head of Cyber Risk, in an interview with Bloomberg. “And understanding and quantifying the damages that come from business interruption are a very big deal and will likely take far longer than the amount of time it will take to recover from this outage.” The total extent of the disruption is not yet known, but it is already being compared to NotPetya, a global ransomware attack in 2017 that caused billions in damages, the firm said. Insurers expect a massive influx of claims, but not all cyber or business interruption policies would cover an event like this.
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