Systemic Cyber Risk: Is it Insurable?
At its core, aggregation risk triggers multiple policies.
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Tech providers and some startups are developing tools for scanning, identifying and evaluating systems for potential points of failure.
The Cybersecurity and Infrastructure Security Agency identifies 16 topics considered massive systemic risks.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.