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Energy firm cyber-defence is 'too weak', insurers say
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Energy firm cyber-defence is 'too weak', insurers say
Power companies are being refused insurance cover for cyber-attacks because their defences are perceived as weak, the BBC has learned. Underwriters at Lloyd's of London say they have seen a "huge increase" in demand for cover from energy firms. But surveyor assessments of the cyber-defences in place concluded that protections were inadequate. Energy industry veterans said they were "not surprised" the companies were being refused cover. "In the last year or so we have seen a huge increase in demand from energy and utility companies," said Laila Khudari, an underwriter at the Kiln Syndicate, which offers cover via Lloyd's of London. The market is one of few places in the world where businesses can come to insure such things as container ships, oil tankers, and large development projects and to secure cash that would help them recover after disasters.......Read more hereTags: None
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