Cyber Insights 2025: Cyberinsurance – The Debate Continues

By Kevin Townsend for SecurityWeek
Thursday, January 30, 2025

• 732
• More

SecurityWeek’s Cyber Insights 2025 examines expert opinions on the expected evolution of more than a dozen areas of cybersecurity interest over the next 12 months. We spoke to hundreds of individual experts to gain their expert opinions. Here we discuss what to expect with Cyberinsurance.

Ilia Kolochenko, CEO at ImmuniWeb, partner at Platt Law LLP, summarizes the current state and complexities. “The majority of existing cybersecurity insurance contracts do not expressly address the novel spectrum of risks, threats and attack vectors caused by rapid proliferation of gen-AI and third party incidents. Consider the notorious CrowdStrike outage, which was classified as a non-cybersecurity event by most cybersecurity insurances, eventually denying coverage. While from technical and legal viewpoints such classification is arguably correct, it certainly does not reflect reasonable expectations of insured companies.” Read Full Article