Insurance Against Hackers. And Who Protects the Insurers?

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Online services have been disrupted, millions of personal data records have been leaked and an investigation into an alleged €6m ransom has been launched. Several cases from the Bulgarian insurance sector have shown the havoc cyberattacks can wreak even on companies whose job it is to manage risk. Euroins offers cybercrime insurance on its website. It’s called “Cyber Smart,” and among the risks it covers under the terms of the agreement are busi…