Contingent Business Interruption and Cyber Events

Recently it was reported that conventioneers attending 2 different Boston conferences are believed to have suffered credit card thefts.  The convention center and various local establishments (hotels, restaurants, etc.) denied that they were the source.

But what got my attention was the comments from attendees that they might think twice about coming to Boston-based on these thefts.  Silly? Yes. It could (and does) happen anywhere.

And it reminded me – when it comes to cyber security, we are all part of one big community.  The losses of one can affect the businesses (and security and contentedness) of other members of their community.

How should (or can) cyber insurers help their insureds protect against the cyber losses of others in which the insured isn’t even involved?  This goes beyond ‘traditional’ contingent cyber interruption.

Your comments are welcomed.

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