The incredible pace of growth in technology worldwide has produced a society which has become totally dependent on technology. This has caused a greater connectivity between people and organisations than has ever existed in human history. Unfortunately this has brought with it new risks which traditional insurance is ill-equipped to cope with. These risks include viruses, hacking attacks, liability arising out of online publishing and cyber-crime; to name but a few.
Cyber liability insurance has been designed to address these new and unusual threats faced by organisations operating in a high-tech world.