The World Cup has reached its most exciting period, with the best teams moving forward to the quarter finals. If there’s anything to be said about the major sporting event so far, it’s that the World Cup has been full of surprises, with celebrated frontrunners like Germany falling fast and hard in the group stage.
Surprises make for good TV, but when you’re talking about insuring such a massive event, which already faces political risks because of its location in Russia, the fewer surprises, the better.
Cyber risk is something event organizers need to consider, especially for a month-long event that brings a million additional people into the country and has a $31 billion impact on the economy, according to Miki Ho, cyber risk underwriter for Beazley Canada.
“From a cyber perspective, you need to think about all the technology that’s involved in getting people into the country, getting goods delivered from the logistics standpoint,” he said. “The obvious one is that a lot of this is hosted and broadcast across the world, so there is a huge technology exposure there in terms of live video recording and streaming around the world, which…
