Lloyd's to exclude certain nation-state attacks from cyberinsurance policies
Lloyd's of London insurance policies will stop covering losses from certain nation-state cyber attacks and those that happen during wars, beginning in seven months' time.
In a memo sent to the company's 76-plus insurance syndicates, underwriting director Tony Chaudhry said Lloyd's remains"strongly supportive" of cyber attack coverage.
Policies must also"set out a robust basis" on which to attribute state-sponsored cyber attacks, according to Chaudhry – and therein lies the rub.
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