Cybercrime, or cyberwar?
What’s the Difference? If your business finds itself in the unfortunate position of being hit with a cyber attack, you might suddenly find semantics important. In two cases currently being played out in court in the United States, Zurich Insurance is arguing that malware attacks suffered by two of its customers should be deemed acts of war, as opposed to typical cyber attacks. What this means is that those costly attacks would not be covered by a standard insurance policy. This is due to the “war” exclusion which commonly protects insurers from having to cover costs that relate to damage
