“Buyers of insurance have to consider the exposure that they have in relation to the rising prominence of cyber-related incidents,” commented Global Cyber Risk head Anthony Dagostino. Businesses face a significant insurance risk from attacks due to policies not specifically designed to cover the effects of such attacks , known as " silent cyber " risks . A survey by Willis Re found more than half of industry participants believe the threat from cyber attacks leading to losses will increase over the next year , with those in the IT and telecoms sector rating it more of a risk than those in fields such as engineering and engineering . Willis Re said the findings underlined the importance of insurance buyers properly managing their level of exposure to such cyber risks .
Businesses face a significant insurance risk from attacks due to policies not specifically designed to cover the effects of such attacks , known as " silent cyber " risks . A survey by Willis Re found more than half of industry participants believe the threat from cyber attacks leading to losses will increase over the next year , with those in the IT and telecoms sector rating it more of a risk than those in fields such as engineering and engineering . Willis Re said the findings underlined the importance of insurance buyers properly managing their level of exposure to such cyber risks .