What are the implications of “silent cyber” exposures in traditional insurance policies?

In traditional insurance policies, “silent cyber” refers to the potential for cyber-related losses to be triggered by events that are not explicitly included or excluded in the policy. This means there can be ambiguity regarding coverage for cyber incidents under traditional property or liability policies.

Businesses can address these risks by obtaining standalone cyber insurance coverage. Standalone cyber policies are specifically designed to cover cyber risks comprehensively, such as data breaches, cyber extortion, business interruption due to cyber events, and other related liabilities. By having standalone cyber coverage, businesses can ensure they have adequate protection against cyber threats without relying on the ambiguous coverage of traditional insurance policies.