23 February 2018

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Beware of the cyber dog

5 February 2018

For some time now it's been fair to say that the cyber (re)insurance bark has been somewhat worse than its bite. Which is not to say that cyber-attacks haven't been sophisticated or widespread, of course, with some fairly nasty and well-publicised incidents.

In February 2016, for example, hackers gained access to the Society for Worldwide Interbank Financial Telecommunication codes for the Bangladesh central bank and attempted to transfer $951mn from its accounts at the US Federal Reserve. The hackers were...

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