Is a Spill-Over Attack Included in your Cyber Security Insurance Policy?

Mar 1, 2022 | Blog Posts

Home » Is a Spill-Over Attack Included in your Cyber Security Insurance Policy?

On February 24th, at the beginning of Russia’s invasion of Ukraine, a cyber-attack on a satellite internet service provider left thousands of people across Europe without internet. Approximately 13,000 subscribers across Germany, France, Hungary, Greece, Italy, Poland, and Ukraine were impacted by this event.

“Military and cyber specialists fear that the Russian-Ukrainian conflict could lead to an outbreak of cyberattacks, a “cyber Armageddon” with major consequences for civilians in Ukraine and Russia, but also globally, through a spillover effect.”

Regardless of the intended target, your business could be at significant risk during cyberattacks of this nature. Cybersecurity insurance plans can legally exclude incidents like this from coverage under the “Act of War” exclusion, leaving you responsible for the damages you may experience.

It is imperative that you review your policy language and have a clear understanding of the special circumstances in which your cybersecurity coverage can be voided. We encourage you to shift your focus to proactive prevention, ensuring you have policies and procedures in place to mitigate damage to your operations and to speed restoration and recovery efforts should you suffer a breach.

With access to best-in-class technologies backed by 20+ years of experience, Impact Business Technology has curated an entire comprehensive suite of security measures essential to the operational efficiency of your business. Do not wait until your systems have been compromised, take preventative action today.

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