Most logistics companies are not insured against cyber attacks, said Dan Cook, principal and practice leader at insurance broker TrueNorth. Despite the disruption the Petya ransomware attack caused TNT Express's Fedex in June, crime and fraud coverage held by haulage companies generally doesn't provide for defence costs and indemnity payments that arise from a malware attack. Fleets should customise their coverage in line with the number of records they hold and their existing data backup and recovery plan, said Cook.
Most logistics companies are not insured against cyber attacks, said Dan Cook, principal and practice leader at insurance broker TrueNorth. Despite the disruption the Petya ransomware attack caused Fedex's TNT Express in June, crime and fraud coverage held by haulage companies generally doesn't provide for defence costs and indemnity payments that arise from a malware attack. Fleets should customise their coverage in line with the number of records they hold and their existing data backup and recovery plan, said Cook.