Is the Fear of Cyberwar Worse Than Cyberwar Itself?

The global insurance market has a cyberwar problem as the industry fails to understand the associated risks. It has avoided cyberwar altogether, excluding it from potential insurance claims. As a consequence, insurers require their cyber teams to hold extra capital due to the fear that a major cyberwar could devastate their balance sheets. A better understanding of cyber risk could result in more effective insurance protection and greater economic security for businesses.