Cyber Insurance In The Covid-19 Landscape – Insurance

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With the unprecedented global pandemic of Covid-19, companies
are adapting to the new reality of social distancing and
self-isolation practices encouraged by our government and health
authorities, leading many businesses to transition large numbers of
employees to remote working. Many of these employees have no prior
experience working remotely, and in some cases, may not be properly
equipped to do so.

Remote working requires, among other things, equipping employees
with the ability to connect to company servers from home. This
transition requires furnishing employees with the tools required to
carry out their work efficiently, such as providing them with
laptops, at home workstations, and remote access to secured
networks and other company resources.

Unfortunately, the transition to working remotely almost
certainly will mean increased risk of cyber attack and cyber
losses. Cyber risks faced by businesses today take different forms.
In addition to hardware and/or software failure, the loss of
portable devices such as laptops or smart phones, and the…

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