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 growing insurance risk from losses due to policies not specifically designed to cover the effects of cyber attacks, known as "silent cyber" attacks. A survey by Willis Re found more than half of industry practitioners 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 construction and engineering. Willis Re said the findings underlined the importance of insurance buyers properly addressing their level of exposure to such cyber risks.