Silently preparing for the $100 billion cyber-catastrophe
risk
London, UK - 16 February 2004, 10:30 GMT - The mi2g Intelligence
Unit has learnt that chief executives and board-level decision makers within
S&P 500 and FTSE-100 component companies are seriously evaluating the
possibility of taking out insurance against a $100 billion global cyber catastrophe
risk event for their worldwide operations that could cause massive business
interruption for days and lead to insurmountable property and liability, breach
of contract and workers' compensation claims alongside the potential for serious
intellectual property theft and online financial fraud.
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